Who ever thought in a million years that paper money might soon be a thing of the past? The Bank Of Canada has recently unveiled the new plastic $100 bill which will begin circulating in November 2011 and March 2012. The new bills are smoother to the touch and harder to crumple, are made from a durable type of polymer and will eventually replace the cotton-paper blend used in existing currency.
Soon to follow will be the $50 bill in March 2012. The much more common $20, $10 and $5 bills are expected to be unveiled and released by the end of 2013. These types of bills are already being used in about 30 countries around the world, including New Zealand, Hong Kong and Mexico.
I think that this is an awesome idea personally, I have worked in Customer Service for the last 13 years and anyway to make it harder to counterfeit cash is a plus. Less trees will be cut down and in the end it will be better for the environment, as plastic can be recycled.
View the video of the Bank Of Canada unveiling the new plastic money here.
What are your thoughts on the new plastic money?