Bank notes

• November 17, 2011

  Modelling the Counterfeiting of Bank Notes: A Literature Review

  Bank of Canada Review - Autumn 2011 Ben Fung, Enchuan Shao

  The objective of this article is to improve our understanding of counterfeiting and its policy implications by reviewing research in this area. There has been almost no empirical work on counterfeiting because of the limited availability of counterfeiting data and related statistics. The authors therefore focus on theoretical studies that directly model the behaviour of the relevant economic agents. They first establish some stylized facts about counterfeiting to provide a general understanding of the problem. They then briefly review several models of counterfeiting and summarize their relevant insights, focusing on the implications of the findings for the incentive to counterfeit, social welfare and anti-counterfeiting policies. The authors find that the policy implications of these studies support the Bank’s comprehensive anti-counterfeiting strategy.

  Content Type(s): Publications, Bank of Canada Review articles Topic(s): Bank notes
• November 14, 2011

  Bank Note Launch

  Remarks Mark Carney MaRS Discovery District Toronto, Ontario

  Governor Mark Carney announces the launch of the new $100 bank note.

  Content Type(s): Press, Speeches and appearances, Remarks Topic(s): Bank notes
• November 14, 2011

  Bank of Canada Issues $100 Bill – First Canadian Polymer Bank Note

  Media Relations Ottawa, Ontario

  The Bank of Canada today began circulating the new $100 bill – Canada’s first polymer bank note. This new note will be available at financial institutions from coast to coast to coast over the next few weeks. The $100 note features a portrait of Sir Robert Borden, Prime Minister of Canada between 1911 and 1920, […]

  Content Type(s): Press, Press releases Topic(s): Bank notes

• How Do You Pay? The Role of Incentives at the Point-of-Sale

  Staff Working Paper 2011-23 Carlos Arango, Kim Huynh, Leonard Sabetti

  This paper uses discrete-choice models to quantify the role of consumer socioeconomic characteristics, payment instrument attributes, and transaction features on the probability of using cash, debit card, or credit card at the point-of-sale.

  Content Type(s): Staff research, Staff working papers Topic(s): Bank notes, Econometric and statistical methods, Financial services JEL Code(s): C, C3, C35, C8, C83, E, E4, E41
• August 23, 2011

  Bank of Canada Announces the Recipient of Its 2011 Law Enforcement Award of Excellence for Counterfeit Deterrence

  Media Relations Ottawa, Ontario

  The Bank of Canada announces that the recipient of its 2011 Law Enforcement Award of Excellence for Counterfeit Deterrence is the RCMP Integrated Counterfeit Enforcement Team in Surrey, British Columbia.

  Content Type(s): Press, Press releases Topic(s): Bank notes
• June 20, 2011

  Bank of Canada Unveils Polymer Bank Note Series: Celebrating Canada’s Achievements at the Frontiers of Innovation

  Media Relations Ottawa, Ontario

  The Bank of Canada unveiled a new polymer bank note series today at its head office in Ottawa. Information on the polymer material and advanced new security features was released, along with the images and designs of the soon-to-be-issued $100 and $50 bank notes.

  Content Type(s): Press, Press releases Topic(s): Bank notes
• May 19, 2011

  Supplementary article: Paying with Polymer: Developing Canada’s New Bank Notes

  Bank of Canada Review - Spring 2011 Charles Spencer

  In this article, author Charles Spencer reviews the complex process of developing the new series, which represents a dramatic change for Canada. The leading-edge security features made possible by the new substrate, the cost savings of the move to a polymer base and the environmental advantages of the new notes are also examined.

  Content Type(s): Publications, Bank of Canada Review articles Topic(s): Bank notes, Credibility, Payment clearing and settlement systems
• March 10, 2011

  Bank of Canada Announces Further Details on New Series of Polymer Bank Notes

  Media Relations Ottawa, Ontario

  The Bank of Canada today announced that it will begin circulating a new $100 polymer bank note in November 2011, with a polymer $50 note to follow in March 2012. The Bank also provided further technical and background information about the new bank notes.

  Content Type(s): Press, Press releases Topic(s): Bank notes

• Counterfeit Quality and Verification in a Monetary Exchange

  Staff Working Paper 2011-4 Ben Fung, Enchuan Shao

  Recent studies on counterfeiting in a monetary search framework show that counterfeiting does not occur in a monetary equilibrium. These findings are inconsistent with the observation that counterfeiting of bank notes has been a serious problem in some countries.

  Content Type(s): Staff research, Staff working papers Topic(s): Bank notes JEL Code(s): D, D8, D82, D83, E, E4, E42, E5, E50