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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 design process for this series began in 1963 with a primary goal of creating banknotes that were more counterfeit-resistant than the 1954 Canadian Landscape series it was to replace. [2] The Bank of Canada requested design submissions from security printing companies, receiving several from both domestic and foreign companies. [3]
The first RCM gold coin to be directly laser etched was the $100 Gold Leduc Oil Fields coin from 2002. [1] The technique would later be used for the 2003 $100 Gold Marquis Wheat coin and the 2004 $20 Iceberg coin. In 2001, the RCM achieved innovation with the 2001 Marconi $5 silver coin. It was the first RCM coin to include a direct lasered ...
In 1870, the first Dominion of Canada notes were issued in denominations of 25¢, $1, $2, $500 and $1,000. $50 and $100 notes followed in 1872. The bulk of later government note production was of $1 and $2 notes, with a $4 denomination added in 1882. Notes of $5 were issued starting in 1912.
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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]
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The current five denominations—$5, $10, $20, $50 and $100—will not be affected at this time, but the government may decide to remove legal tender status from older series versions of these denominations in the future. [10] As of January 1, 2021, the $1, $2, $25, $500 and $1,000 bills from every series are no longer legal tender. [2]