New Canadian Currency
During my previous travels to Canada I have kept some Canadian dollar bank notes home. I note that Canada is now releasing their new plastic currency. I still have notes from the "birds of Canada" and "Canada journey" series, from $50 downwards. I note the new $50 has been released, so will shops accept the paper $50 notes? I plan on visiting next month.3
All Canadian banknotes issued since 1935 (when the Bank of Canada first began printing money) remain legal tender and retain their full nominal face value.http://www.bankofcanada.ca/banknotes/bank-note-series/past-series/
You may occasionally encounter a merchant who is reluctant to take $50 notes (of any series), however.
4
"You may occasionally encounter a merchant who is reluctant to take $50 notes (of any series), however."In which case they can be exchanged for new polymer notes free of charge @ any chartered bank in Canada.
6
It's been like that on Saltspring Island for years now.9
Some vending machines do not (yet) recognize the new bills. As noted above, the old cash is as good as new; all of it is legal tender. The Canadian$ is just about at par with the US$ but the Australian$ is worth about $1.04 Cdn. Australia has had non-paper banknotes for several years. The new stuff is supposedly harder to counterfeit and doesn't mind being accidently run through a washing machine.
