Canadian Currency Goes PlasticGRAND FORKS (WDAZ-TV) - When you head north to Canada, you won't be shopping with paper money anymore.
GRAND FORKS (WDAZ-TV) - When you head north to Canada, you won't be shopping with paper money anymore.
The Bank of Canada introduced a new form of currency.
Canadians won't be saying goodbye to the Loonie or Toonie, but they will be welcoming a new form of plastic.
Soon Canadians will fill their pockets with a sheet of polymer, a very thin plastic.
"I just gave a tattered $5 bill to Super One a little bit ago and of course, I don't know how long money stays in circulation, but plastic, if it's got the right fiber it'll last quite a while," shopper Glenn Lykkin said.
People will trade in their bills for a more durable replacement that is expected to last twice as long. And it's recyclable.
"Very durable you can bend it you can twist it and it basically just forms right back, it feels funny," Canadian shopper Reynold Keller said.
The main reason Canada has decided to change the form of the country's money is to make it easier to verify and harder to duplicate.
Citizens will no longer have to worry about torn bills or who has handled the cash.