Canada’s new high-tech plastic currency

November 18, 2011

Business, International

New plastic $100 bill not thief-proof, store owners say

Michelle McQuigge
The Canadian Press

TORONTO — If money talks, Canadian retailers may not be listening.

Store owners who are impressed with the security innovations built into the new $100 bill aren’t in any rush to stuff them into their tills or accept them from customers, they said a day after the notes were put into circulation.

The new polymer bank notes, unveiled on Monday by the Bank of Canada, are expected to keep fraudsters at bay and spare taxpayers from the costs of replacing the bills every seven years.

But while retailers say the bills may be forge-proof, they’re not thief-proof.–new-plastic-100-bill-not-thief-proof-store-owners-say

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