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$20 polymer notes hit the streets

In a few weeks' time, Canada's new $20 polymer bill will hit the street

In a few weeks' time, Canada's new $20 polymer bill will hit the street.

In the days that follow, when a person steps up to an automated banking machine, he or she may expect to withdraw brand new $20 notes, although current paper notes will continue to circulate for some time.

The Bank of Canada will begin issuing the new $20 note in November.

The $100 and $50 notes are already out, but it is with the introduction of the $20 bills that many Canadians will really begin to see polymer notes in their wallets.

Canada's cash flow is a sea of green. The $20 bill accounts for about half of all bank notes circulating in Canada, so the transition to the polymer $20s won't happen overnight.

With 800 million $20 bills currently in circulation, the Bank of Canada will phase in the new polymer $20 notes on a gradual basis.

 



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