Tag: Legal tender

Some Paper Bills Will No Longer Be Legal Tender In Canada | CTV News

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The Bank of Canada says it is removing the legal tender status from a series of older bills. For the first time, the Bank of Canada will be removing the legal tender status of five older bank notes. The bills haven’t been produced in decades and removing their legal tender status is the “final step to remove them as transaction notes” says Bank of Canada spokesperson Amelie Ferron-Craig. Read full story here: Some Paper Bills Will No Longer Be Legal Tender In Canada | CTV News

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Budget Says Some Paper Currency Will No Longer Be Legal Tender – Politics – CBC News

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The Liberal government announced Tuesday — in an item buried deep in its 367-page 2018 budget document — that some paper currency will no longer be accepted as legal tender. The $1000 bank note will no longer be legal tender, pending the introduction of legislative changes. The Bank of Canada will still accept the bills for an exchange. (Bank of Canada) While the Bank of Canada stopped printing the $1,000 note in 2000, there are still about 700,000 of those bills still in circulation across the country. As part of a plan…

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