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Topic: Release Day for new $20 Polymer  (Read 5024 times)
suretteda
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« on: October 10, 2012, 09:25:17 am »

Wednesday, 7 November 2012

Event
 
Ottawa, ON
0:00 - 0:00 (ET)

Bank of Canada issues the new $20 polymer bank note into circulation Details will follow in a media advisory.

http://www.bankofcanada.ca/media-room/upcoming-events/
stashthecash
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« Reply #1 on: October 10, 2012, 04:20:29 pm »

Will most major banks have the new $20 polymer on the release date?
or will it be after that date so none are released earlier?
Also, are any banks better than others to get new notes
Thanks
suretteda
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« Reply #2 on: October 10, 2012, 06:12:38 pm »

Bank of Canada new $20 polymer bank note will be put into circulation beginning Wednesday, 7 November 2012 in Ottawa, Ontario.
suretteda
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« Reply #3 on: October 10, 2012, 06:20:07 pm »

Bank of Canada issues the new $20 polymer bank note will be put into circulation beginning Wednesday, 7 November 2012 in Ottawa, Ontario.
suretteda
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« Reply #4 on: October 11, 2012, 09:56:59 am »

Key information for banking staff regarding the new $20 polymer notes

http://www.cucentral.ca/News/Key%20messages%20for%20front%20line_media%20relations%20staff_$20%20note%20issue_FINAL_ENG_10OCT12.pdf
suretteda
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« Reply #5 on: November 05, 2012, 11:27:57 am »

Bank of Canada to Begin Circulating New $20 Polymer Bank Note

OTTAWA – The Bank of Canada will begin circulating the new $20 bill, Canada’s most widely used bank note, on Wednesday, 7 November 2012.

http://www.bankofcanada.ca/2012/11/media-advisories/bank-canada-begin-circulating-new-20-polymer-bank-note/
Shylo
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« Reply #6 on: November 05, 2012, 10:58:03 pm »

I have an order to pick up a bunch of notes this wednesday but the teller that was filling out my order even said.. while wednesday was the release date there's little chance their branch will have any for awhile.
FogDevil
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« Reply #7 on: November 06, 2012, 07:05:08 am »

I have an order to pick up a bunch of notes this wednesday but the teller that was filling out my order even said.. while wednesday was the release date there's little chance their branch will have any for awhile.

I thought the new bills would be available across Canada within 2 or 3 weeks of the issue date?  Does this mean, in your case, the bank you deal with has to clear out their entire stock of paper $20's first before they get the new Polymer $20's, and they may have to wait at least a full month before they get the new $20's?

I guess the banks will be allowed to give out the paper $20's even after the Polymer issue date, but once they receive their first supply of Polymer $20's, they are no longer allowed to give out any more paper $20's.  Does that make sense?
Wizard1
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« Reply #8 on: November 06, 2012, 11:24:03 am »

I thought the new bills would be available across Canada within 2 or 3 weeks of the issue date?  Does this mean, in your case, the bank you deal with has to clear out their entire stock of paper $20's first before they get the new Polymer $20's, and they may have to wait at least a full month before they get the new $20's?

I guess the banks will be allowed to give out the paper $20's even after the Polymer issue date, but once they receive their first supply of Polymer $20's, they are no longer allowed to give out any more paper $20's.  Does that make sense?

Basically any notes ordered for delivery by the Banks, on and beyond Nov 7th, will receive the new Polymers. Its just the matter of individual branches ordering $20s after Nov 7th. However most banks don't really need to order $20s because they receive enough of them on a regular basis.

That being said, Branches are instructed to return all old $20s to their respective cash facilities, however banks in general still need to keep a certain amount of cash on hand to satisfy daily operations. So you should expect to still receive old $20s until the polymer ones are readily available.
« Last Edit: November 06, 2012, 11:27:00 am by Wizard1 »

CA_Banknotes
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« Reply #9 on: November 06, 2012, 09:45:55 pm »

http://www.bankofcanada.ca/wp-content/uploads/2012/10/fitness_poster_en.pdf

The new fitness guidelines are for FIs not to return paper $20s in good condition until further notice, unlike the $50s/$100s where the withdrawal was basically done after the new notes were launched.
stashthecash
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« Reply #10 on: November 07, 2012, 10:53:22 am »

Anyone get any yet :)
suretteda
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« Reply #11 on: November 07, 2012, 01:02:48 pm »

Bank of Canada Issues $20 Polymer Bank Note

Ottawa, Ontario - The Bank of Canada today announced the entry into circulation of the new $20 polymer bank notes, during an official ceremony at the Canadian War Museum. Starting today, these new notes will gradually become available at financial institutions across Canada.

Bank of Canada Governor Mark Carney was joined at the event by Minister of Finance Jim Flaherty, Minister of Veterans Affairs Steven Blaney, and David Houghton, President of the Vimy Foundation.

“The introduction of the $20 note is an important milestone for the new Polymer series. Making up half of all bank notes in circulation, the $20 note is the most used denomination,” said Governor Carney. “Our safer, cheaper, greener polymer notes will soon be part of Canadians’ daily lives. That is why the Bank of Canada has been working closely with Canada’s financial sector and the cash-handling industry since 2009 to help prepare for and support a successful transition to the Polymer series.”

The front of the new $20 note features a portrait of Her Majesty Queen Elizabeth II, Queen of Canada, while the imagery on the back of the note features the Canadian National Vimy Memorial. This iconic monument, located in Vimy, France, commemorates the 1917 Victory at Vimy Ridge and honours Canadians who fought and gave their lives in the First World War in France and who have no known grave.

“It is fitting that we are launching these new notes at the Canadian War Museum only a few days before Remembrance Day. These new notes pay tribute to the sacrifices of Canadian men and women who fought to protect Canada and its allies in all military conflicts,” said Minister Flaherty. “They also protect Canadians from the threat of counterfeiting. The Polymer series is a Canadian innovation of which we can all be proud.”

Minister Blaney spoke of the special significance to Veterans of featuring the Canadian National Vimy Memorial on the $20 note. “With these notes, Canadians are honouring the contributions and sacrifices of our military men and women, a powerful sentiment that will resonate strongly with our Veterans and their families.”

Vimy Foundation President David Houghton added, “Each time we open our wallets, we will be reminded of the significance of the Battle of Vimy Ridge in Canadian history - a pivotal moment when our country came of age.”

The remaining bank notes in the series - the $5 and $10 notes - will be issued by the end of 2013. Their designs and detailed images will be released when the notes are officially unveiled.

The themes of the denominations are:

$100 Medical Innovation - celebrates Canadian innovations in the field of medicine (Portrait: Sir Robert Borden)

$50 CCGS Amundsen, Research Icebreaker - reflects Canada’s commitment to Arctic research and the development and protection of northern communities (Portrait: William Lyon Mackenzie King)

$20 The Canadian National Vimy Memorial - evokes the contributions and sacrifices of Canadians in conflicts throughout our history (Portrait: HM Queen Elizabeth II)

$10 The Canadian train - represents Canada’s great technical feat of linking its eastern and western frontiers by what was, at the time, the longest railway ever built (Portrait: Sir John A. Macdonald)

$5 Canadarm2 and Dextre - symbolize Canada’s continuing contribution to the international space program through robotics innovation (Portrait: Sir Wilfrid Laurier)

More information on the new Polymer series can be obtained by contacting Jeremy Harrison, 613 782-8782.

Bank Note Launch

On behalf of the Bank of Canada, I want to thank the Canadian War Museum for hosting this event.  Visitors of all ages leave this building better informed about Canada’s history and our contributions to struggles the world over. Visitors also leave humbled, as they learn of the enormous sacrifices of men and women who have given so much for their country.

The new $20 polymer bank note - which begins today to make its way into banks, stores, and wallets across the country - features the Canadian National Vimy Memorial. It is altogether fitting that this bank note - the most widely used denomination - would remind Canadians of the Battle of Vimy Ridge, which was so pivotal in our history.

While the imagery of the new $20 bill reminds us of the past, in all other respects, the bank note itself represents the future.

Safer, cheaper, greener - these notes are the product of innovative technology and Canadian ingenuity. There is no other currency like them. The unique combination of transparency, holography and other sophisticated security elements makes them a world first.

State-of-the-art security features ensure we are staying ahead of counterfeiters and providing Canadians with bank notes they can use with complete confidence. The bank notes last longer, at least 2.5 times longer than those made with cotton-based paper. This makes them more economical and their environmental footprint smaller. After they are removed from circulation, they will be recycled here in Canada.

As with the $50 and $100 bank notes, which were introduced into circulation over the past year, the Bank of Canada has worked with financial institutions and retailers to ease the transition from the old to the new so that the businesses that handle cash can readily adapt.

When people hold their first polymer $20, I hope they will take a moment to consider more than its face value; that they will consider the image of the Canadian National Vimy Memorial and reflect upon and remember the sacrifices of those who have come before us.
 

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