The number of counterfeit bank notes that pass through the Canadian economy has declined steadily over the past decade, but according the Bank of Canada, fake money accounts for over a million dollars in losses.
In 2017, the value of counterfeits in Canada was $1.2 million.
It’s a number the Bank of Canada would like to drive down. According to the central bank, every note in circulation has some features to help people determine if it’s real.
Here are some of the details you can look for:
Vertical bill
The new $10 note, featuring Viola Desmond, was released in November 2018. It is currently the only Canadian bank note distributed in a vertical orientation.
The bills are made of a polymer material.
Read More.. Source News Toronto