dollar bills and sequence number
Is Bank of Canada printing money like crazy?
Jan 2nd, 2008 9:05 am
Jan 2nd, 2008 9:29 am
Money is cut in a sheet and then shuffled in the same order as cut. If they are loading the cash with new currency (which is often the case with bank machines), then your apt to get some sequential every now and then.
Jan 2nd, 2008 9:38 am
Jan 2nd, 2008 11:01 am
Yes they are! $20 bills only last about five years in circulation, so think about how many they have to print every year just to replace 20% of all the ones that are out there!
Jan 2nd, 2008 12:26 pm
According to the BoC the average lifespan of a $20 is 2-4 years. Which means printing 25-50% of the notes in circulation just to replace the ones that are withdrawn from circulation.
Jan 2nd, 2008 2:05 pm
Jan 2nd, 2008 10:32 pm
Jan 3rd, 2008 12:00 am
Jan 3rd, 2008 1:11 am
Jan 3rd, 2008 1:14 am
Jan 3rd, 2008 10:10 am
Jan 3rd, 2008 10:48 am
a) It doesn't have to be bidegradeable because it lasts longer, which is the point
Jan 3rd, 2008 12:37 pm
Paper notes (made from cotton paper) are burned not landfilled.
Not necessarily, Does the increased lifespan outweigh the increased cost of production?
Jan 3rd, 2008 12:54 pm
Jan 3rd, 2008 2:31 pm
Though I don't have the numbers handy I assume it likely is considering how many notes are currently producedNot necessarily, Does the increased lifespan outweigh the increased cost of production?
Yes, for the same reason it is more sentimentality sound to use styrofoam cups than paper ones. Even when paper is recycled it requires much more energy to produce and refine than polymers. The majority of that energy comes from burning non-renewable fossil fuels. There are numerous sources you can find to verify this.And is it better environmentaly to use cotton paper that comes from a renewable source or to use polymer notes that come from oil?
I am pretty sure us Canadians are smart enough to figure out how to make plastic money... it isn't rocket science. The Royal Canadian Mint itself is at the forefront of several areas of minting, this would be nothing special, they could do it.The (possibly) complicating factor is that the polymer notes from NPA http://www.noteprinting.com/about_NPA.html may be a proprietary process that they may not be willing to share. This would mean outsourcing the printing of Canadian notes to a foreign company. This would likely be a political hot potato no matter which party was in government.