CPM Forum
Canadian Notes => Polymer Series => Topic started by: suretteda on March 03, 2018, 12:26:46 am
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Bank note event: Minister of Finance Bill Morneau and Bank of Canada Governor Stephen S. Poloz
March 8, 2018
OTTAWA — On Thursday, March 8, 2018, Minister of Finance Bill Morneau and Bank of Canada Governor Stephen S. Poloz, along with some special guests, will unveil the design of the new $10 bank note featuring Viola Desmond.
The event will be preceded by a Facebook Live town hall with students hosted by the Minister of Finance, Parliamentary Secretary to the Minister of International Development and their colleagues. The live stream will be available at facebook.com/FinCanadaLiveEnDirect/.
After the unveiling event, the Minister of Finance will hold a media availability. Members of the media will also have an opportunity to meet with experts to find out more about the theme and security features of the note. Samples of the note will be available to press photographers and TV crews. There will be no availability with the Governor.
For security reasons, all media must register with the Bank of Canada in advance to attend the event. Broadcast media and still photographers will be allotted space on a first-come, first-served basis, through advance registration. To register, please contact Media Relations by noon (ET) on Wednesday, March 7 at 613-782-8782.
Topic
The unveil of the new $10 bank note featuring Viola Desmond
Time
12:00 AT (11:00 ET) for town hall, 12:30 AT (11:30 ET) for unveil ceremony
Place
Halifax Central Library
5440 Spring Garden Road
Halifax, Nova Scotia
Paul O’Regan Hall
(please use the main entrance)
Lock-Up
There will be no media lock-up for this event.
Distribution
The Governor’s remarks will be published on the Bank’s website at 12:45 AT (11:45 ET).
A press release with more information will be available:
at 12:45 AT (11:45 ET) on the Bank’s website
between 12:45 AT (11:45 ET) and 13:45 AT (12:45 ET) on Cision
Once the note is unveiled, details, including images, will be available on our various social media platforms:
bankofcanada.ca
Twitter
Flickr
Bank of Canada Museum Facebook page
Press Conference
There will be no press conference, but the Minister of Finance will be available after the event for a Q&A session. Other spokespeople will also be available for interviews. There will be no media availability with the Governor.
Webcast
This event will be webcast live on the Bank’s website and YouTube channel.
Note
Expert Kiosks
At 13:20 (AT), kiosks will be open for journalists to visit and ask questions.
Regional Opportunities
The Canadian Museum for Human Rights (CMHR) in Winnipeg, which has a permanent exhibit dedicated to Viola Desmond, will also hold an event, starting at 10:15 (Central Time). Bank of Canada representatives will be available on-site to answer questions and will have sample bank notes on hand. For more information about this event, please contact CMHR Media Relations Manager Maureen Fitzhenry at 204-289-2112.
In addition to these events, media interviews and photo opportunities with the new bank note can be arranged with regional representatives across the country by contacting Media Relations.
For more information about the town hall, please contact:
Chloé Luciani-Girouard
Press Secretary
Office of the Minister of Finance
613-462-5469
Media Relations
Department of Finance Canada
613-369-4000
For more information about the unveiling event, please contact:
Media Relations
Bank of Canada
613-782-8782
https://www.bankofcanada.ca/2018/03/bank-note-event-8-march-2018/
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Wanda Robson sees Canada’s new $10 note featuring her sister
We gave Viola Desmond’s sister, Wanda Robson, a sneak peek at the new Canadian $10 note. Join us live on March 8 to see for yourself: https://www.youtube.com/user/bankofcanadaofficial
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Thanks for sharing Suretteda. Hope Canadians and especially Banknote collectors are equally pleased.
When Viola Desmond was first chosen she was touted as being the first Canadian woman on a banknote which the B.O.C. revised to first Canadian woman on a regular circulating banknote.
I believe Agnes McPhail rightfully earned the distinction albeit without as much fanfare and hype.
It will be interesting to have three series of $10s circulating at the same time, four if you count the Journey notes which by now have pretty much vanished. Going to miss the short lived train motif.
With the new $5 and yet unnamed iconic Canadian due out in 2020 this unveiling is likely going to trigger the launch for the selection process mentioned last year. Using the same criteria, PET wouldn't qualify.
Should be quite interesting!
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Rumour has it that the new notes are being launched before the end of the month.
At least one person in the CCF forums suggest his TD branch has ordered some.
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In circulation starting Monday, November 19, 2018
Media event to launch the new $10 bank note
Canadian Museum for Human Rights, 85 Israel Asper Way, Winnipeg, Manitoba R3C 0L5
11:00 (ET)
Live audio and video webcasts of the event will be available on the Bank’s website.
Media advisory to come.
https://www.bankofcanada.ca/press/upcoming-events/
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I have asked my branch if they know about the new $10 and she called yesterday to say they have had no word from their central supply in TO. Odd.
Anyone else hear anything?
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https://www.bankofcanada.ca/2018/11/bank-note-event-issuance-new-vertical-10/
More details about the release on Monday.
Major event in Winnipeg with parallel events in other provinces.
Media event though. Nothing about how General public will get the notes
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https://www.bankofcanada.ca/multimedia/bank-canada-issues-new-vertical-10-bank-note-speech-webcasts-november-19-2018/
Serial Number is FFB3918398
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I also checked at my local bank and they were not sure of arrival times
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Hi, new user here.
I have to admit, I seem to have lack of faith for the new $10 bill coming to my province. To be quite truthful, I have not seen any new $10 bills in NL for over four years, and it got me wondering if the last remaining banks in my province that ordered $10 bills in the past had decided to discontinue ordering them because of low demand?
I have a feeling the new $10 bill with a woman replacing MacDonald may be an attempt to reboost consumer interest, since a number of banks had stopped ordering them.
It should be very interesting to find out if any will appear in my region, but I will be monitoring the $10 bills I receive in my change in the coming months, and if I don't see any by spring, chances are there is not a single bank in NL ordering new $10 bills.
But, if it's any consolation, I did receive a fresh $10 bill in my change this past weekend, and it was an FTP prefix. Maybe the banks received those new $10 bills just for the distribution center to clear out the existing stock before the new $10 bills get released.
As for walktothewater's post, I'd say the reason why there was no word from the main branch is because either the main branch stopped ordering $10 bills due to low demand, or it's probably due to confidentiality reasons.
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New vertical $10 banknote featuring iconic Canadian Viola Desmond now in circulation
https://www.bankofcanada.ca/2018/11/new-vertical-10-bank-note-featuring-iconic-canadian-viola-desmond/
Launch of New $10 Note
https://www.bankofcanada.ca/2018/11/launch-new-10-note/
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My bank has ordered some new 10s but they will not arrive until next tuesday
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My bank has ordered some new 10s but they will not arrive until next tuesday
I'm guessing you live in B.C. or Atlantic Canada? Or a town or small city?
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Ottawa area
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I wonder if banks in my region have already ordered a bulk supply of money in advance for the holiday season, and if I won't be seeing any of the new $10 bills until after Christmas? I certainly hope not.
I did come across a fresh $10 bill this past weekend, with prefix FTP. I am hoping that the banks did not order a lot of new 2013 $10s to replace all of the initial supply of 2013 $10s that first came here in 2013 (which were FEWs) - I hope that FTP is a small number just to replace a few of the FEWs, otherwise it may be July or August before I see any supply of new $10s in my region (when they will replace the FTCs).
I wonder if the ongoing Canada Post strike may delay deliveries of the new $10s?
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I wonder if the ongoing Canada Post strike may delay deliveries of the new $10s?
I doubt it. Bank notes will be delivered by armored vehicle, which is a service Canada Post doesn't offer, so I doubt the strike is making armored vehicle services any busier than normal.
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It takes a week for the order to be placed at TD and only some branches can order them
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No new 10 dollar bills at Ottawa casino because they order 5 and 100 only
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I noticed the new $10 bill has been in circulation for two days now, and as of today, no reports of anyone getting their hands on the new $10s.
The only reports of new $10s being ordered are from users in Ontario. I wonder if there are not very many banks across the nation ordering $10 bills anymore?
As I mentioned before, I saw no new $10s in my province, NL, since July or August 2014. FOUR YEARS. Every time I see a $10 bill in my change, it's something old, nothing new.
The commemorative $10s issued in June last year technically do not count, as they were intended to be keepsakes.
I did visit Sobeys for some time now, and even they are not getting new $10s during that time, and I was told by a representative in July 2017 that they did order $10s from the bank, but they got short-shipped (implying the bank no longer has many, no longer orders them, and may be phasing them out of my province).
Time will tell. If I don't get any of the new $10s in my change by April 2019, then sadly, the $10 bill has reached the end of the line in my province, in terms of orders.
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Does anyone know if they new 10s are limited quantities or they are replacing all new 10s with these instead of the 10 dollar frontier note ?
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They'll be replacing the existing MacDonald $10s as they wear out, as per press release.
Considering I live in NL, where there is a very small number of $10 bills circulating, if all of them wear out and get replaced, unless all of my province’s banks discontinued ordering $10 bills due to low demand, they will likely be fully replaced by next August.
Another possibility to consider: Looking back at when the 1988 issue $50 and $100 bills were released (both on the first Monday in December in 1989 and 1990 respectively), I never saw any in existence until after Christmas. This could be due to the bank branches having already ordered a bulk supply of money to cover the busy weeks of holiday shopping – and the main branches did receive an order of the new bills not long after the December release dates, but never got any of the new bills until after Christmas. The $50 and $100 bills were a different story, as demand was slowly rising at that point, and there were some bills of that denomination worn out by that point.
Regarding the $10 bills, its demand has been in continuous decline for decades, and they rarely get ordered, if at all. It could be possible that no bank in my province may get any shipment of the new $10 bills until next summer when the existing $10 bills that were delivered to banks in July or August 2014 wear out and are due to be replaced, and that may explain the existing $10s that were issued in November 2013 (with prefix FEW) are likely fully replaced with the last batch of Frontiers $10 notes that have prefix FTP, and Sir John A. MacDonald will be frequently seen on our $10 bills for another five years. That may explain the press release citing that the new $10s will be issued in the coming weeks and months. In other words, initial distribution of the new $10 bill will probably be slower this time.
It appears there are no reports of any bank getting the new $10 bills at this point. Maybe the orders are being placed this week and it will take about a week for them to be delivered. I thought orders would have to be placed 48 hours in advance, unless policies changed?
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Apparently, the new $10 bill was in circulation for 24 hours yesterday and apparently a number of Canadians actually hate it due to its vertical orientation.
Story HERE (http://"https://www.mtlblog.com/news/canada/canadas-new-dollar10-bill-has-only-been-in-circulation-for-one-day-and-people-already-have-problems-with-it").
I guess that may explain why there has been no activity in new $10 bills by now. I'm afraid this may be the final nail to the coffin for our beloved $10 bill.
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The new prefixes are FTY.
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I don't know why there were $10 bills printed with prefix CDX, which to me is not a realistic prefix, considering that X was discontinued for years. Sounds like it was only used for promotional purposes or maybe it was a test note prefix.
I am thinking the "C" in CD* actually represented "commemorative" and was not intended to be a regular series.
Wagner, where did you get the FTY $10s?
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I wonder if there are not very many banks across the nation ordering $10 bills anymore?
- I think you're right. When I went to my BMO branch she said they had stockpiles of $10 and couldn't get rid of them fast enough. The clerk took a dim view to my quest for the new $10. Also: several tellers haven't even been informed they would be rolling out new $10 (which I thought was strange). Everyone seemed on board with the "150" commemorative but not this one.
apparently a number of Canadians actually hate it due to its vertical orientation.
-this doesn't surprise me at all. First there'll be several traditionalist who will be annoyed that J A McDonald has been removed. When the Journey $10 came out i couldn't believe how many collectors were griping about its poor design (& yes it was highly counterfeited) but I didn't think it was THAT bad (especially after seeing the 2013 Frontiers polymer!) BTW: your link doesn't work.
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Prefix FTW confirmed
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walktothewater, you might be on to something. I bet banks had a vast inventory of $10 bills and they struggled to go through them, possibly taking years, still ongoing. The banks may have decided that the prolonged stockpile would be their official last order of $10s and the writing is on the wall. It wouldn't surprise me if the new $10 bill will probably be the last.
Either way, I'm afraid my quest for $10 bills may soon be coming to an end. The way things are going, the $10 bill may end up lasting only a few more years before it heads to currency heaven. If it does, it wouldn't be the first time a banknote denomination would be dropped because of low demand.
Remember the $500 bill? It was released in 1935, but nobody wanted them, and the denomination was retired in 1938 after a short life of only three years. I bet my grandfather never saw one when he was a kid in the latter 1930s.
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Prefix FTW confirmed
I'd say so. Just got mine-
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Prefix FTW confirmed
If so- then I was correct - than the FTW & FTZ entered 2 years ago on the SNDB are likely unreported typos (which should be removed).
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If so- then I was correct - than the FTW & FTZ entered 2 years ago on the SNDB are likely unreported typos (which should be removed).
Or, the FTWs just recently reported may be a continuation from where the prefix left off in the Frontiers series.
To add to my response to walktothewater's post, i heard stories of people in Toronto having rotten luck finding a bank that has the new $10s. That reminds me of something: do you suppose banks had given up on $10 bills because of people refusing them, possibly due to the bill's reputation for being counterfeited? Or could it have to do with inflation after minimum wage rose to $14 per hour some months ago (soon to be $15 per hour in January)?
Rupiah, where did you get the FTWs? What city/town?
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Rupiah, where did you get the FTWs? What city/town?
GTA - few locations but they were only giving out very limited quantities - no exceptions - I normally have good relationships with some branches and if they could they would give more to me. But they requested that I wait until they get more. Was able to get 5x from 2 separate locations. Tried a third location but the "cage" was closed and the teller who had some had already run out of the 300 or so they had. They said they had a few more that I could get from them tomorrow - Absolutely no bundles though for now.
At one location while I was there several clients availed of this opportunity.
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I am going to the GTA tomorrow, can you give me any of the locations to stop in at???
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I am waiting for tuesday to see if the ordered bills actually show up.... the bank ordered in a few bricks for me to search through. I will post pictures shortly afterwards. I have no idea what to expect lol the 2017 10s where is a clear package with do not cut symbols and yellow outline bands if i remember correctly. FTW has been seen as low as 1M, so maybe its plausable any FTY and FTW are not confirmed in the database from 2.5 years ago but it they exist they could be rare?
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It seems like, so far, the only reports of the new $10 bill being ordered or delivered are entirely in Ontario. No reports from other provinces yet.
I get the feeling that, for some years now, the vast majority of $10 bills being released are in only a small number of provinces, and I bet Atlantic Canada will be shut out, since there may be not a single bank in such region ordering $10 bills any longer. Makes sense, since it's been more than four years since the banks in NL received their last order of regular $10 bills. Even Sobeys is having a hard time getting orders of $10 bills delivered - they have been repeatedly short-shipped, and are always the same ones juggling around since 2013 or 2014.
I think, if I would have seen any of the Wilkins-Poloz signature $10 bills (2013 issue), I would have seen plenty by now.
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I am going to the GTA tomorrow, can you give me any of the locations to stop in at???
Sorry did not see your post. Hopefully you got the notes.
Basically CIBC, RBC, TD are the ones who are carrying them in several GTA areas. Very very limited quantities. Don't expect a bundle. I will not get into specific branches on the public forum.
Was able to get FTW and FTY.
The problem is that it is difficult to get CHOICE UNC because many of these branches put an elastic band around the notes or paper clips etc.
So even those buying them from others be forewarned about the grade.
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I have a strange feeling that the new $10 bill is likely going to have the lowest circulation for any $10 bill ever issued. If no bank in NL orders $10 bills anymore, some media outlet is going to expose the information, and will prompt residents to hold on to their $10 bills as collectors' items.
I also wouldn't be surprised if the new $10 bill will probably have a very short life, and possibly be the nation's official last $10 bill series ever.
I personally think the reason why banks are not ordering them anymore, or ordering limited quantities, is because low demand for the $10 bill may have caused the cost to order them to rise so much, the banks realized it was probably a lot cheaper to order the same amount of money in $5 bills than fewer $10 bills, and the banks are obviously going with whatever is cheaper and more useful and economically feasible.
If the new $10 bill never gets ordered by NL banks, it wouldn't be the first time a new banknote was never ordered by banks in NL - the 1988 issue $1,000 bill was the last such new bill, released in 1992, and was never ordered by any bank in NL. Rightly so, since it was used in organized crime.
The $10 bill is a completely different story. Low demand is what's putting our beloved purple banknote on death watch. If the $10 bill is no longer being printed, when purchasing power of $5 becomes $10 in some years' time, I wouldn't be surprised if the number of $5 bills in the nation will double, or more than double, and may prompt the need for a $5 coin if the number of $5 bills grows so much.
Keep in mind that we lost the 50-cent coin back in the 1960s. Demand dropped so much, possibly due to inflation, and the coin had since been deemed redundant, and even when purchasing power of 25 cents became 50 cents, the number of quarters in circulation supposedly doubled, or more than doubled. The reason for the 50-cent coin being redundant is because two quarters make a 50-cent coin, and two 50-cent coins make one dollar. The $10 bill is in the same predicament, since it is exactly half of a $20 bill, and exactly double of a $5 bill - because of this, $10 bills are considered redundant nowadays, and many banks across the nation have likely identified this in recent years.
I think the $10 bill would have been more successful if there had been a $25 bill instead of a $20 bill. A denomination of 10 does much better in cents, since there is no 20-cent coin; but won't succeed in dollars as long as there is a $20 bill. It's surprising that some banks waited this long to finally discontinue ordering $10 bills, and some banks were already ahead of the game as far back as the 1990s.
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Here is a link to some useful information..... http://canadiancoinnews.com/first-note-of-eighth-series-enters-circulation/ its intersting because they say these will replace other polymer 10s which implies the $10 frontier polymer production is finished
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Apparently, my claim of $10 bills no longer being ordered by banks in NL have been an underestimation.
I did miraculously receive my first new $10 bill a few minutes ago at a local supermarket in St. John's, NL, implying that some banks may have ordered some.
The prefix is FTY. And it may be a new low for that prefix.
I am thinking there have been no new $10 bills in my region for four years because virtually all of the Journey $10s in NL were fully replaced by 2015, precluding any more orders for new $10s for several years.
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I also wouldn't be surprised if the new $10 bill will probably have a very short life, and possibly be the nation's official last $10 bill series ever.
I personally think the reason why banks are not ordering them anymore, or ordering limited quantities,...
- I don't think this $10 will be Canada's last $10 note. Go to the BOC website and search "Cashless Society" for an interesting read. Canada is ranked as one of the nations headed that way but the paper (written by BOC researchers) doesn't really suggest we head that way on purpose. We're using less cash because of technology and convenience (with larger transactions).
- Only a few of the big banks (Scotia & BMO I believe) are not ordering LESS (not as many as they used to) because their ATM's don't take them. Not sure about the rest but TD dispenses $10 now.
may prompt the need for a $5 coin
- It's only logical that the $5 note is on more shaky ground than the $10 and I can imagine it going next.
I did miraculously receive my first new $10 bill a few minutes ago at a local supermarket
-that is pretty amazing as its the last place I'd expect to find the new $10 - at least not for a little while yet. Did you try any of the big banks in NL?
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Scotiabank Vancouver 650 W Georgia Street received three bundles of the new $10s yesterday. They were able to give me 30 notes today. The teller said that when they received the bundles they looked like they had already been rifled through because the serial numbers were quite mixed up. I got:
FTW3858762-99 (missing 65-69, 75, 78, 81, 90, 97)
FTW3858500-01
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I got 2 bundles and many gaps in SN (just like the "150" release). I did not bother to note them (as there were many) FTW 1.1M.
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-that is pretty amazing as its the last place I'd expect to find the new $10 - at least not for a little while yet. Did you try any of the big banks in NL?
To be quite honest, I no longer do over-the-counter banking, due to my full-time job and busy agenda. I do have two Scotia accounts, but i do most of my banking electronically, or on seldom occasion, through the ATM.
If those Smart ATMs come to my branch, I will be wanting just 50s and 5s, no 20s.
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One thing that really interests me as of lately, with Sir John A. MacDonald gone from our $10 bill, I wonder if that will motivate collectors to hold on to any existing MacDonald $10 bills for collectors' purposes?
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with Sir John A. MacDonald gone from our $10 bill, I wonder if that will motivate collectors to hold on to any existing MacDonald $10 bills for collectors' purposes?
-if you're referring to the 2013 Frontiers $10, I highly doubt collectors will hold onto them simply because its the last issue with his portrait.
From my experience of what collectors collect, SN # & condition are the typical criteria:
a) the notes condition (higher the grade the more likely it will be collected)
b) special numbers (1-2-3 & 4 digit radars; low #under 1000; ladder & ladder radars; repeaters; rotators; birthday notes & other notes that may have a number that turns their fancy (phone #, area code, etc))
c) insert replacements
d) change-over & short prefixes (I cannot think of many for this series other than FTH & FTN)
e) error notes (though I have not see any & In fact errors of this series should probably be viewed with a high degree of skepticism)
Check your Charlton Guide as it pretty much lists all of the above in some way or another (you will see that prefixes that change over are typically priced a little higher than the regular 10M run).
The only area where I completely disagree with Charlton (in terms of change-overs/short prefixes) is in terms of BC-70a Macklem-Carney FTH which (although 8.3M reported run) only a very few released (& thus should have a much higher BV). I'm sure this is a result of when the info for the book was compiled & no one could commit to the exact rarity of this note as it would have been premature at that time.
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Just was at TD in Brantford today to pick up more notes, I chatted with supervisor and they mentioned they have and will get lots of the 10's in but the dispensing machines are not calibrated to load the new tens in to the machines yet. Same goes for their ATM's. She said it would be January before the machines can be loaded so they can be used mainstream. In the meantime, they will hand them out if asked.
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In addition to yesterdays post, I was able to go through 7 bundles of the new 10's at the TD today, all were FTY29.......
The notes are well mixed up with small runs of sequential then changes to a different run for a bit. No special numbers or even close to a radar in all 7 bundles.
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It appears that not very many cities have banks that have the new $10 bill yet. Even more odd, there have not even been any reports of any new $10s in Halifax, which was Viola Desmond's hometown.
I get the feeling that a lot of banks decided to discontinue ordering $10 bills because of low demand, and/or, as walktothewater stated, the banks had stockpiles of $10 bills from the previous series for an extremely long time, having a hard time going through them, implying that no customer wants any because of being deemed redundant these days.
It makes sense as to why there is very little demand for $10 bills in Newfoundland these days. Inflation is likely the driving force. The only reason we had demand for $10 bills during the 2000s, was because the cost of a fast food meal was under ten dollars including taxes. A Big Mac meal at McDonald's in Newfoundland may still be less than $10 with taxes, but if it doesn't exceed $10 with taxes now, it will pretty soon, and banks decided to stop ordering $10 bills to be ahead of inflation.
It's also possible that low demand denominations are more expensive to order than the higher demand denominations. The $10 bill is the lowest demand of all existing banknotes in circulation, and the cost to order them may be quite high, that the banks realize that they can order the same amount of money, or a greater amount of money, in $5 bills for a cheaper rate. In this case, it's obvious that the banks will go with the cheaper option. $5 bills are preferred by banks due to the high number in circulation, and it may be economical to order twice as many $5 bills as opposed to fewer $10 bills.
Though no longer being issued, $1,000 bills were never ordered by banks in Newfoundland, and it's possible that the drastically low demand plus being extremely expensive to order is what caused banks to stay away from them.
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Is anyone willing to share where the FTZ were found?
Also during the ceremonies on November 19, 2018 and in the photos that are put up on the Flickr by BoC they are showing all FFB.
I hope FFB is not going to be like EKZ which was widely shown in the promotion material by BoC but then nothing in circulation.
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If FFB is given the same treatment as EKZ and BSW, chances are, FFA will likely fall victim as well. If this is true, chances are that demand for the $10 bill is drastically low now, thanks mainly to inflation, and the demand that exists may be getting closer to 1980s $100 bill levels now. During the 1980s, there were very few prefixes for $100 bills released in a year, as opposed to many today.
If only FTW and FTY are seen so far, it may be possible that we may get FTZ as the final circulating prefix of this current run, implying that demand is drastically low now, and banks are receiving very limited quantities of $10 bills now, if any are still ordering them.
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Well it seems like FFA has been entered. Could someone share the information as to where it was found?
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Didn't I read here somewhere that the BoC is declining to cull the previous series in the same way that they have in the past? If they're letting the 2013 10s continue to circulate freely, then the demand for new bills is going to be a lot lower than before simply because they're not trying to replace as many.
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Hopefully the Admins will change the setting so we can see where the high/low notes are located. Even if just the City/Province is shown.
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I went through some bricks and they were consecutive numbers with the occasional note removed (like the 2017 $10). Prefix FTY. No interesting serial numbers.
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I get the feeling that a lot of banks decided to discontinue ordering $10 bills because of low demand, -----.
It makes sense as to why there is very little demand for $10 bills in Newfoundland these days-----.
-----The $10 bill is the lowest demand of all existing banknotes in circulation, -----.
I am not sure about what the reality is about the $10 bill. But most certainly when the BoC decided to put the BANKnotable woman on the bank note they chose $10 - Here is the official text from BoC which to me does not sound that it is consistent with $10 being low use:
Why was the $10 note chosen to feature Viola Desmond?
The $10 note is more readily used by Canadians and exchanged more frequently than higher value notes. This makes the $10 a good choice for featuring Viola Desmond.
-Bank of Canada
Source:
https://www.bankofcanada.ca/wp-content/uploads/2016/12/backgrounder-canadian-woman.pdf
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I am not sure about what the reality is about the $10 bill. But most certainly when the BoC decided to put the BANKnotable woman on the bank note they chose $10 - Here is the official text from BoC which to me does not sound that it is consistent with $10 being low use:
Source:
https://www.bankofcanada.ca/wp-content/uploads/2016/12/backgrounder-canadian-woman.pdf
Maybe the BoC based their claim on Ontario demand or something.
The $10 bill may be used by Canadians more than $50 or $100 bills, but it is possible that most of Canada has greater demand for $10 bills, but not in Newfoundland - yet. Plus there are way more $5 bills than $10 bills, more because $5 bills are needed for change.
$10 bills are not commonly given out as change anymore possibly because of store policies that can only allow minimal cash (usually $50, in $5 bills and coins) in their tills at a time, and anything greater than $5 bills are put away, never touched again until they're ready to bring to the bank.
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Hopefully the Admins will change the setting so we can see where the high/low notes are located. Even if just the City/Province is shown.
Reported FFA5059814 in GTA.
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Its been almost a month since these notes started to officially circulate.
In the GTA area I have not found a single ATM (these are the ones that accept cash without envelopes) among approximately 20 different locations and 3 Financial Institutions tried that will accept the Vertical $10.
Interestingly enough I found ATMs at four of the locations dispensing the Vertical $10 (but not accepting them).
I have only found large financial in-branch recyclers that are as of last week accepting the new Vertical $10s. Two other institutions that I tried including some of their flagship branches were still not accepting the Vertical $10s.
I find this rather strange given the hoopla behind the unveiling in March 2018 of this note and then putting it into circulation on November 19, 2018. Can the machines not been programed before such a release into circulation?
Any other experiences in this regard?
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TD's in Burlington are dispensing new $10 but I'm not sure if they're accepting them (they still do not accept $10 as of Dec 18/2018). TD staff seem far more positive towards the new notes than BMO staff but again that's such a subjective observation.
BMO's internal machines started accepting them just last week (TD's internal machines were up-to-speed much sooner). I don't think BMO ATM's dispense $10 so likely they won't accept them (but I could be wrong).
Everyone seemed OK with the fact that there would be a delay in their machines being updated for the new $10.
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The new $10s have been released more than a month ago, and as of lately, they are very hard to come by in Newfoundland, where I live. In fact, they're very hard to come by in many places in Canada, it seems; otherwise there would be been plenty of finds by now.
I wonder if banks ordered a limited quantity of the new $10 bills just as a trial run to see if there is enough consumer interest in the new bill, and if there is enough interest, they would order more at a later date? If so, it seems as if there is very little consumer interest in $10 bills anymore, and it makes sense, since most of the $10 bills I see in my change are strictly the Sir John A. MacDonald types, and the Viola Desmond $10 bills may end up being very scarce and hard to come by. If this happens, I can see what will likely happen in some years' time - the Bank of Canada will likely cease printing $10 bills quietly, but unlike the $1 and $2 bills, any existing $10 bills will circulate freely until they reach the end of their life cycle, after which they will be quietly phased out.
I did visit a Scotiabank branch a few weeks ago, and the teller told me they did get the new $10 bills, but they were mixed in with many of the MacDonald $10 bills. I am thinking only the two main branches (downtown and a major shopping mall) got bundles of the new $10s, if in very limited quantities.
During this length of time, I only got three of the new $10 bills, but in my change all at the same Sobeys location I go to. It's very hard to receive a $10 bill in my change nowadays, and I'm lucky that Sobeys is the only place in my neighborhood that gives out $10 bills in change. Either way, I think the $10 bill is likely on deathwatch in a few years' time.