Canada
Bank of Canada announces new governor
Oct 11, 2007 09:33 AM Category: North
America
On
October 4, 2007, the directors of the Bank of Canada announced the
appointment of Mark Carney as governor
for
a seven-year term, effective February 1, 2008.
Carney will succeed David Dodge, who is retiring.
On October 11, 2007, the bank also announced that its deputy
governor, Tiff Macklem, has been appointed
Canada’s associate deputy minister of
finance,
effective November 1, 2007. The bank will begin
recruiting a replacement for Macklem in January
2008. Since Canadian banknotes carry the
signatures of the bank’s governor and deputy
governor, collectors can expect a new signature
combination as a result of these personnel
changes.
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Canadian Journey $20 error note surfaces
Jul 20, 2007 03:29 PM Category: North
America
Winston Brown of Toronto, Ontario, has recently gone public with a dramatic example of a modern error. The $20 from 2004’s Canadian Journey series has the holographic stripe on the front right, the windowed security thread on the back right, and the watermark is upside down (compare top pair of images with normal note below).
The Bank of Canada has confirmed that the note is genuine and postulates that the error is a result of an uncut sheet of banknote paper being being rotated 180 degrees before being fed into its presses in Ottawa. Since each sheet contains 45 notes, there must have been 44 other examples of this error with serial numbers similar to that found on Brown’s note: EZM7459230. However, his note was found in circulation in 2006 (though a 2004 issue, the note is dated 2006 on the back), and Brown isn’t aware of any other similar notes that have surfaced to date. It’s possible they escaped notice and may be lost, destroyed, collected, or waiting to be discovered.
Brown intends to sell his error note via auction at some point in the future. Interested parties may contact him via email: w_brown_2007@hotmail.com.
Images courtesy of Winston Brown.
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Canada to issue next generation of notes in 2011
Feb 06, 2007 06:00 PM Category: North
America
On
February 6, 2007,
the Bank of Canada announced that it
plans to issue the next generation of
banknotes in
2011 in an attempt to stay ahead of
counterfeiters.
Neither information nor images from this site may be reproduced without permission.
Neither information nor images from this site may be reproduced without permission.
Canada issues $5 note dated 2006 with upgraded security features
Nov 15, 2006 10:14 AM Category: North
America
5 dollars, 2006. Issued November 15, 2006. Like Pick 101, but new date, new signatures (P. Jenkins, Senior Deputy Governor; and D.A. Dodge, Governor), and additional security features, including metallic holographic stripe, a watermark portrait, a windowed color-shifting security thread, a registration device, and enhanced fluorescence under UV light. Gone are the iridescent maple leaves and latent image of the denomination that appear on Pick 101. To increase its durability, the upgraded $5 note is printed on a slightly heavier paper and is coated with a protective varnish.
Additional information can be found on the Bank of Canada web site and in this official press release from April 4, 2006.
Images courtesy of Dennis Lane.
Neither information nor images from this site may be reproduced without permission.
Canadians cool to idea of new $200 note
Aug 20, 2006 11:00 AM Category: North
America
According to an August 20, 2006 article in the Calgary Sun, the Bank of Canada has withdrawn its proposal to introduce a $200 bank note — the first in the bank’s history — in the face of strong opposition of retailers.
The bank had been investigating a high-denomination replacement for the $1,000 note (Pick 100, shown above) that it ceased issuing on May 12, 2000. Thereafter, all $1,000 notes returned to the bank were withdrawn from circulation and destroyed. At the time the bank said the move was intended to fight money laundering and organized crime.
Nonetheless, in December 2005, the bank commissioned Toronto-based SES Research to conduct a survey of 2,000 store owners asking if they would accept a circulating $200 bill. “There currently exists a significant current of opposition to the introduction of a $200 banknote,” concluded the report, noting that the move was opposed by 59% of those surveyed, with opposition rising as high as 70% in Quebec.
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