What are the proper terms for the piles of UNC with the Bank of Canada paper strap wrapped around them ?
For US currency it is pretty clear; people refer to the terms used on the BEP website(
http://moneyfactory.gov/uscurrency/theproductionprocess.html) which are:
100 Notes = 1 Strap
10 Straps = 1 Bundle (1,000 bills)
4 Bundles = 1 Brick (4,000 bills)
4 Bricks = 1 Cash-pack (16,000 bills)
40 Cash packs = 1 Skid (640,000 bills)
I remember using this terminology a few this when talking about Canadian banknotes and people seemed not to recognize it.
Do we have a proper terminology of our own ? Can we find it on the BoC website ?