dollar bills and sequence number
I made a withdrawal of $540 and all 27 $20 bills had their serial numbers in sequence.
Is Bank of Canada printing money like crazy?
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 Which means printing 25-50% of the notes in circulation just to replace the ones that are withdrawn from circulation.notanexpert wrote: ↑Yes they are! $20 bills only last about five years in 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
It costs more to have polymer notes made.. besides, they stick together when wet.. think about Canadian weather...SamInfinity wrote: ↑Or we can consider using polymer banknotes, like in Australia.
Jan 3rd, 2008 10:10 am
I didn't know that, just offering a suggestion.dmdsoftware2 wrote: ↑Laminate is permanent - not biodegradable - and you are suggesting this in the environmental crises we're in?
Jan 3rd, 2008 10:48 am
a) It doesn't have to be bidegradeable because it lasts longer, which is the pointdmdsoftware2 wrote: ↑Laminate is permanent - not biodegradable - and you are suggesting this in the environmental crises we're in?
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
False.ghostryder wrote: ↑Paper notes (made from cotton paper) are burned not landfilled.
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.
Jan 3rd, 2008 2:33 pm
It is already very hard to counterfit the current bills due to the UV signatures and holograms. If you kept these features and ALSO made them out of polymer they would be very difficult to counterfit.
Jan 3rd, 2008 2:41 pm
But it will be counterfeited soon enough. Everytime a new bill is introduced in anycountry it is advertised as "counterfeit proof"
Jan 3rd, 2008 3:03 pm
It doesn't have to be "counterfit proof". It just has to be hard enough to not make it trivial. They only redesign the bills once every 10 years or so, if that.
Jan 3rd, 2008 4:41 pm
And then, at least according to a documentary I saw a couple of years ago, the shredded bits go to a commercial incinerator. Maybe that has changed?brunes wrote: ↑False.
The Bank of Canada must be prepared to supply financial institutions with enough bank notes to satisfy public demand. Financial institutions get bank notes through the country's Bank Note Distribution System and return notes that are considered unfit for further circulation to the Bank of Canada. These notes are verified on high-speed, note-processing equipment and then shredded. The resulting shred is disposed of in landfill sites.
http://www.bank-banque-canada.ca/en/about/currency.html
I was suggesting a question not making a statement. If you have sources why don't you provide them?brunes wrote: ↑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.
Without violating any patents?
Jan 3rd, 2008 6:40 pm
Just to give some example: