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Canada Prepares To Introduce Plastic Money

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posted on Apr, 19 2011 @ 09:28 PM
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Canada Prepares To Introduce Plastic Money


blogs.forbes.com

When I think of paying with plastic, I think of credit or debit cards. However, my thought process is going to have to change. Canada will soon join a growing list of countries that use a polymer-based plastic instead of paper for its cash. The new plastic money will be rolled out in phases with the $100 bill scheduled for introduction in November. In March 2012, a $50 bill will be added to the mix and the rest of the smaller bills will be introduced by the end of 2013.

There are several benefits to plastic cash – enhanced security, a longer life and the money is even cleaner. We all know
(visit the link for the full news article)




posted on Apr, 19 2011 @ 09:28 PM
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Gee what do you think about that ?
Plastic cash , I guess they will survive a spin in the washing machine now lol . I can't imagine what it would be like to hold one of these bills . I guess it will seem pretty fake at first and will take some time getting use to .

Will America soon follow ? Can you imagine a plastic green back ?

blogs.forbes.com
(visit the link for the full news article)



posted on Apr, 19 2011 @ 09:31 PM
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eh, isn't is all pretty much monopoly money at this point anyway...

worthless..

edit:
how much does it cost to produce these instead of paper money?
edit on 19-4-2011 by sm0k3 because: (no reason given)



posted on Apr, 19 2011 @ 09:32 PM
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I just couldnt help but wonder, if I should start saving plastics. Makes me regret ever throwing away those 300 coke bottles and empty soda cans.

The thing I like about this idea is the possible recycling bit.= helpful to the enviroment



posted on Apr, 19 2011 @ 09:33 PM
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reply to post by sm0k3
 


Lol yah , once we went from gold to paper it was down hill from there



posted on Apr, 19 2011 @ 09:33 PM
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I think some other countries have introduced this already-or something similar. I handled some plastic ish cash in the past and its strange but not all that different .


 
Posted Via ATS Mobile: m.abovetopsecret.com
 



posted on Apr, 19 2011 @ 09:35 PM
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reply to post by zcflint05
 


Can you stretch them ?



posted on Apr, 19 2011 @ 09:36 PM
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We've had plastic notes Australia for decades. The old stuff looks unnecessarily fragile to me.



posted on Apr, 19 2011 @ 09:37 PM
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This is about stemming counterfeiting.

As technology improves, it has become VERY easy to counterfeit paper money.

Australia has been using plastic money for years.



posted on Apr, 19 2011 @ 09:38 PM
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We have it here in Australia and had it for a long time. A few modifications over the years but it works well.



posted on Apr, 19 2011 @ 09:39 PM
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We have had plastic based bills in Australia for years handy as I can put a ten in my velcro pocket when swimming at the beach no worries. No more hiding it in the Shoe safe.



posted on Apr, 19 2011 @ 09:46 PM
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First step in putting RFID chips into the bank notes?

Hitachi Ltd. has developed a radio frequency identification (RFID) chip that requires no external antenna and makes possible the embedding of tracking and identification chips in bank notes, tickets and other paper products.



posted on Apr, 19 2011 @ 10:00 PM
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reply to post by Max_TO
 

there are a few bad points about plastic cash ,it does tend to stick together when fresh,and it easily slips out of your pocket when walking etc does not like being in a clothes dryer(melts)and doesnt like being folded



posted on Apr, 19 2011 @ 10:02 PM
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reply to post by Max_TO
 


Already a thread on here about this.

It's not a big deal at all.



posted on Apr, 19 2011 @ 10:10 PM
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Originally posted by The Sword


It's not a big deal at all.


When has that EVER stopped people from trolling for sensationalism on ATS?

secondline



posted on Apr, 19 2011 @ 10:18 PM
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sure looks like a chip in that polymer note
outlined in red. or maybe my eyes are bad.

also, isn't polymer made from an oil base?
so now we're trading in trees for oil ???
I thought we were trying to get away from
oil based products???

The security on the note I posted is called
LATITUDE. Google it and see what you come
up with.

LATITUDE
edit on 4/19/2011 by boondock-saint because: (no reason given)



posted on Apr, 19 2011 @ 10:24 PM
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Originally posted by boondock-saint



also, isn't polymer made from an oil base?
so now we're trading in trees for oil ???
I thought we were trying to get away from
oil based products???


Canadian currency is composed almost entirely of cotton, not trees.US currency is cotton and linnen. I cant imagine any countries use plain ol paper.
edit on 19-4-2011 by incrediblelousminds because: (no reason given)



posted on Apr, 19 2011 @ 10:25 PM
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As a Canadian I'm surprised I haven't heard of this, but then again I hear all my news first here on ATS!

Hmm I don't think it makes a difference at all really, paper, plastic, whatever. A poster above commented on how its a monopoly money, yeah.

Not sure if it's the same thing, but I've spent a lot of time in Mexico and they use plastic money, its pretty cool, more practical then paper, it can get wet and doesn't really rip



posted on Apr, 19 2011 @ 10:33 PM
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reply to post by incrediblelousminds
 

umm, I think the point was the oil part
and the chip part

but thanks for letting me know

I didn't know currency was cotton
and linen. However, I do believe
the fake counterfeit bills are indeed
paper.


edit on 4/19/2011 by boondock-saint because: (no reason given)



posted on Apr, 19 2011 @ 10:39 PM
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another related link with different currencies

www.securency.com.au...



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