New $10 bank note enters circulation to celebrate Canada 150 – Article

Circulation of the Bank of Canada’s commemorative $10 bill began today, with Governor Stephen Poloz making the first purchase with the new bank note in a store in downtown Ottawa.

The bill, meant to celebrate the 150th anniversary of Confederation, features a number of security functions, including a colour-shifting image of an arch found in the Memorial Chamber on Parliament Hill, and three-dimensional maple leaves. The Bank of Canada unveiled the new note in April.

“This bank note reflects the pride we feel about our country’s accomplishments and the hope we have for our future,” Poloz said in a release Thursday. “But it also underpins the confidence Canadians can have in their bank notes. The new security features of this $10 note make it the most secure Canadian bank note to date.”

In late 2018, a different $10 note will be circulated, featuring human rights icon Viola Desmond. The introduction of that note was announced in December.

The new notes can now be obtained at any financial institution across the country, but don’t replace the current $10 bill, which will continue to circulate. Only 40 million of the new notes are being issued, working out to about one for every Canadian.

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