Following the release of the $100 and $50 polymer banknotes, the Bank of Canada has recently issued the new $20 polymer banknote. This is the latest in the entire series due to be changed, with the new polymer $10 and $5 banknotes expected to be released by late 2013.
Like the previous versions, the Bank of Canada state that the main motivation for the change to polymer is to use state-of-the-art anti-counterfeit security features. Their advice to members of the public is to “Feel. Look. Flip”, as demonstrated in their promotional video.
The $20 banknote is the most commonly used banknote within Canadian cash transactions, and the Bank of Canada predict that the new Guardian polymer version will last longer in circulation than the previous cotton-based paper note, an estimated 2.5 times longer.
Further information regarding the new banknote series is available from the central bank website.
Source: Bank of Canada