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The series was the first Bank of Canada series not to include a $1,000 note; the Canadian Landscape design of this bill continued to be printed during this series's run, with an updated $1,000 note appearing in the Birds of Canada series in 1992. All notes measure 152.4 × 69.85 mm (6 × 2¾ inches).
[1] [2] It was the last series to include the $2 and $1,000 banknotes. The $2 note was withdrawn in 1996 and replaced by the $2 coin now known as the toonie. The $1,000 note was withdrawn by the Bank of Canada in 2000 as part of a program to mitigate money laundering and organized crime.
As of 1 January 2021, the $1, $2, $25, $500 and $1,000 bills from every Bank of Canada series are no longer legal tender. [24] Despite the introduction of new notes, older notes are still in use. + Two varieties were printed, the first with conventional serial numbers , the second with the double date "1867–1967" appearing twice instead.
Printing of the $1,000 note ceased in 2000. The denomination was withdrawn on the advice of the Solicitor General and the Royal Canadian Mounted Police (RCMP), as it was often used for money laundering and organized crime. [5] The Bank of Canada has requested that financial institutions return $1,000 notes for destruction. [6]
Money laundering in Canada is a problem described by professionals in 2019 as a "national crisis," and which has attracted international attention. [1] As of July 2022, a public inquiry is currently being held to gauge the extent of the problem.
Standard Catalog of World Paper Money - General Issues, 1368–1960, 16th Edition, publication date 2016, Krause Publications, ISBN 978-1-4402-4707-1 This is updated every two years or so. Standard Catalog of World Paper Money – Modern Issues, 1961–Present , 25th Edition, publication date 2019, Krause Publications, ISBN 978-1-4402-4898-6
Enjoy a classic game of Hearts and watch out for the Queen of Spades!
The $1000 banknote was issued several years later, as it was primarily used by chartered banks, which had a sufficient supply of the 1935 Series $1000 banknote. [ 3 ] This was the first series of bilingual Canadian banknotes, [ 4 ] as the 1935 Series was a dual-language series with French banknotes issued in Quebec and English banknotes issued ...