National technical briefing on Canada's upgraded $10 bank note
TORONTO, May 16 /CNW Telbec/ - On 18 May, the Bank of Canada will begin circulating an upgraded $10 bank note. Media are invited to attend a national technical briefing on the enhanced security features of this note.
The briefing will take place at the Bank of Canada's Toronto office and will be presented by Geoffrey King, Director for the Department of Banking Operations, and Paul De Swart, Senior Regional Representative. Bank partners, including Sergeant Moshe Gordon of the Royal Canadian Mounted Police, and Scott McCammon, Vice-President, Communications and Stakeholder Relations, of the Ontario Chamber of Commerce, will also be on-site and available for interviews.
National Technical Briefing
Date: Wednesday, 18 May 2005
Time: 10:30 to 11 a.m. (EDT) - Briefing
11 to 11:30 a.m. (EDT) - Q & A session and one-on-one interviews
Location: 150 King Street West, Suite 2000
Toronto, ON
Note: Please confirm your attendance by calling Celia Goncalves-Trindade at (905) 206-2536 before 5 p.m. on Tuesday, 17 May 2005.
Media Interviews
On 18 May, Bank of Canada officials in the Bank's head and regional offices will be available for interviews on the upgraded $10 bank note (contact information is listed below). Media wishing to see the new note can do so by visiting any one of these offices. Media may also obtain images of
the front and back of the upgraded $10 bank note upon request. Anyone wishing to publish bank note images must first obtain written permission from the Bank of Canada
( http://www.bankofcanada.ca/en/banknotes/legislation/repro.html ).
Bank of Canada head office:
Ottawa, ON
234 Wellington St.
Contact: Ginette Crew 613 782-7461
Regional Offices:
Halifax, NS
1583 Hollis Street, 5th Floor
Contact: Josée Nadeau (902) 420-4657, or 902 225-8395
Montréal, QC
1501 McGill College Avenue, Suite 2030
Contact: Pierre Laprise (514) 496-4814 or Daniel Champagne 514 496-4816
Toronto, ON
150 King Street West, Suite 2000
Contact: Paul De Swart (905) 206-2501, or 647 393-2501
Calgary, AB
404-6th Avenue SW, Suite 200
Contact: Ted Mieszkalski (403) 215-6704, or 403 827-3265
Vancouver, BC
200 Granville Street, Suite 2710
Contact: Lisa Elliott (604) 643-6229, or 778 837-0719
For further information: Monica Lamoureux, 613 782-8782
Bank of Canada's upgraded $10 Bank note
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OTTAWA–The Bank of Canada today put into circulation an upgraded $10 bank note with enhanced security features. The design, colour, and theme (Remembrance and Peacekeeping) of the upgraded $10 note are the same as those of the previously issued $10 note from the Canadian Journey series.
To improve the security of Canadian bank notes and to stay ahead of counterfeiters, the Bank is continuously researching and developing new and enhanced security features. The upgraded $10 note, like the $20, $50, and $100 notes of the Canadian Journey series, contains a metallic holographic stripe, a watermark portrait, a windowed colour-shifting thread woven into the paper, a see-through number, and enhanced fluorescence under ultraviolet lighting. The Bank is upgrading the $10 note in response to an increase in the counterfeiting of lower-denomination bank notes.
"These enhanced security features make it easy for consumers and cash-handlers to verify the authenticity of their bank notes, but difficult for counterfeiters to copy," said David Dodge, Governor of the Bank of Canada.
The Bank provides its partners and the general public with educational materials to help familiarize them with the security features found on all Canadian bank notes, as well as the quick and easy techniques that can be used to distinguish a genuine from a counterfeit note. For more information on Canadian bank notes, their security features, and educational and training materials, visit http://www.bankofcanada.ca/en/banknotes/.
"It simply makes good business sense for retailers to do what they can to protect themselves from accepting counterfeit notes," said Len Crispino, President and CEO of the Ontario Chamber of Commerce. "That is why we strongly encourage businesses to make use of the educational materials provided by the Bank of Canada, and to inform cash-handlers on how to detect counterfeit notes. Verifying the authenticity of a bank note takes only a few seconds, and can protect businesses from unnecessary losses due to counterfeiting."
Since announcing its plan to upgrade the $10 note on 20 January 2005, the Bank has been working with its many partners, including retailers, financial institutions, and the manufacturers and operators of bank note handling equipment, to ensure the smooth introduction of the upgraded note into daily cash transactions.
The upgrade $10 note will be available across Canada within the next couple of weeks. As with all bank notes issued by the Bank of Canada, older versions of the $10 note still in circulation remain legal tender. The Bank expects to replace older $10 notes in circulation with the upgraded $10 notes within approximately one year.
Note to Editors:
Images of the front and back of the upgraded $10 bank note are available to the media upon request. Anyone wishing to publish bank note images must first obtain written permission from the Bank of Canada
(http://www.bankofcanada.ca/en/banknotes/legislation/repro.html).
http://www.bankofcanada.ca/en/press/2005/pr05-9.htm