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A Big Maple Leaf measures 2.8 centimetres (1.1 in) thick and 50 centimetres (20 in) in diameter and is 999.99/1000 pure. The obverse of the BML shows Queen Elizabeth II as she has appeared on Canadian coinage since 2003, [5] when Susanna Blunt's design became the third iteration of the queen's effigy to appear on coinage (the others were 1965 and 1990).
The most significant recent developments in Canadian coinage were the introduction of $1 and $2 coins and the withdrawal of the one cent piece. The $1 coin (the "loonie") was released in 1987. The $1 banknote remained in issue and in circulation alongside the one-dollar coin for the next two years, until it was withdrawn in 1989.
The current 100-dollar note was put into circulation through major banks in November 2011, made of a durable polymer instead of the traditional paper notes. [1] The notes are dominantly brown in colour; the front design of the note features former prime minister Robert Borden and the design on the back depicts the discovery of insulin .
The Bank of Canada stated that withdrawing most of the 300 million $1 banknotes from circulation would take about three months. [30] The Royal Canadian Mint also increased the number of loonies released into circulation from 1 million in January 1989 to 9.8 million during one week in June. [31]
Wesley Wayne Weber [2] is a Canadian who is considered one of the country's most prominent counterfeit banknote creators. [3] [1] [4] Weber succeeded in counterfeiting the 1986 series Canadian hundred-dollar bill. They were the highest quality computer produced counterfeits of Canadian banknotes to date. [5]
The theme chosen for the $100 banknote was "exploration and innovation". [4] Its design involved input from seven separate sources, among them Natural Resources Canada, the Canadian Space Agency, the National Archives of Canada, and the Canadian Canoe Museum. [9] The banknote was first circulated on 17 March 2004. [37]
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The primary impetus for the new banknotes was "the need to stay ahead of counterfeiters". [2] [3] By 2002, 10% of retailers in some parts of Canada refused to accept the $100 banknotes of the 1986 Birds of Canada series in financial transactions, [4] and by 2004, the counterfeit ratio for Canadian currency had risen to 470 parts per million (ppm). [5]