For there to be only four full-run prefixes and two partial changeover prefixes, which total less than 50 million new $10 notes printed, that seems to be a big drop in new $10s printed as opposed to 15 to 20 years ago when there were roughly 120 million new $10 notes printed at a time. Could this lower number of $10 notes printed be due to a large number of banks across the country having discontinued ordering $10 notes due to drastically low demand,
- I believe you are correct in that the demand of TENS has dropped significantly, especially after the successful "dirty cash" campaign by the Better than Cash alliance during the pandemic. Any time I used cash during the pandemic I got lectured at the check-outs how I should be using my credit/debit card. Note, that the BoC also skipped the "Lane-Macklem" signature combo b/c demand was never dire to get new TENS out there (as it was for the $5, $50 & $100). The only reason $20 weren't affected was due to the long (massive) 2nd (or 3rd) print run they did with the W-P signature combo (up to the FZT prefix) after the 2015 notes.
- I have taken out up to 2 bundles (200) $10 notes since the 2018 Vertical TENS appeared & it has been a constant struggle to get the new series in the GTA (Ontario) region as well. I ordered new bundles (up to 5) when they first came out & got fairly decent compliance up to about 1.5 months after their release. By that time, most tellers were starting to give me the cold shoulder & telling me that they could no longer promise me new notes. Some of my branches just told me they won't order new notes unless I wanted to pay a fee. What I discovered was that the main branches (distribution centres) would only release new TENS about 3 times per year. Usually in Dec/January, March-April, August/Sept & we'd see a few new batches released. On just about every other time I have withdrawn TENS I would be getting about 70-80% old 2013 (including about 4-8 2017) & 20-30% first versions of the 2018. (Some of these old 2013 notes were very beat up & should have been shredded with lots of ink missing on the substrate). I finally began seeing the new W-M signature FFE & FFF last spring.
I've also discovered that the big Banks have not rehired staff to former pandemic levels & that most often when I do order a bundle here (& there) recently, their counters jam, they look at me like I just walked off a Zombie film set/location (with make up on) & the withdrawal process has taken about double the time it used to (pre-pandemic). I almost certain to get a new trainees serve me (80% of the time they must deposit my money &
then withdraw it) then require a check with their manager, etc, etc. So now a days, recycling cash has become almost as painful (& monotonous) as a trip to the dentist!
