The Bank of Canada released its redesigned $100 bills into circulation today, promising new security features will make them more acceptable to wary retailers.
The new notes, which feature four new security features, are to be distributed across the country during the next two weeks. “The new $100 note incorporates state-of-the-art security features designed to combat counterfeiting,” Bank of Canada governor David Dodge said in a news release
Security features include: a metallic holographic stripe; a watermarked portrait; a windowed colour-shifting thread: and a see-through number.
The Bank of Canada has been working with law-enforcement agencies, financial institutions, and the retail and hospitality industries to train their employees on the note’s security features.
“We are delighted the new $100 bill is harder to counterfeit and contains easy ways of verifying its validity,” stated Diane Brisebois, president of the Retail Council of Canada.
The Bank of Canada plans to complete the introduction of the new Canadian Journey series later this year when it issues $20 and $50 notes.