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article imageBank of Canada launches new $50 polymer bank note, now at ATMs

By Andrew Moran     Mar 27, 2012 in Business
Ottawa - The Bank of Canada has launched its new $50 polymer bank note. The $50 bill, which is part of a series of state-of-the-art bank notes, features former Prime Minister Sir William Lyon Mackenzie King and the Arctic research icebreaker CCGS Amundsen.
Have you withdrawn or got your hands on the new $100 bill yet? Now you have double the chance of receiving a new bank note after the nation’s central bank put it into circulation.
The Bank of Canada is introducing a series of brand new currencies that will be entered into our circulation. These new bills will maintain 21st century security features, have a new look and feel (even assistance for the blind) and will have themes remembering Canada’s various contributions to the world.
At a press conference Monday, Bank of Canada Governor Mark Carney introduced the $50 polymer bank note. The front of the $50 bill features former Prime Minister Sir William Lyon Mackenzie King and on the back depicts Arctic research icebreaker CCGS Amundsen at port during a ceremony, which celebrates its 50th anniversary.
“Just as the work of scientists on the Amundsen is expanding the frontiers of Arctic research, this new polymer series is expanding the frontiers of bank note technology,” said the central bank head in a news release. “Counterfeiting rates have been reduced by 90 per cent since 2004. Issuing this new series of bank notes enables us to continue to stay ahead of counterfeiters. And by regularly checking the leading-edge security features on these new notes, Canadians can help protect themselves from counterfeiting threats.”
The new $20 notes will enter circulation by the end of the year. The remaining $10 and $5 bills will be issued by the end of 2013.
Each of the new bills will also have a theme:
$20 – The Canadian National Vimy Memorial (war)
$10 – The Canadian Train (transportation)
$5 – Canadarm2 and Dextre (space)
As noted before, there are various aspects of the new currency that are expected to enhance security, reduce counterfeiting and assist the blind (not Braille) in each denomination.
- Symbols of six raised dots (I.E. $5: one six-dot symbol, $10: two six-dot symbols).
- Large numerals with distinct colours in each denomination.
- Electronic signal to assist the blind and partially sighted in recognizing the currency.
The new $50 bill
The new $50 bill
Bank of Canada
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