Monday, April 18, 2011

Canada Prepares To Introduce Plastic Money

Written by Melissa Hincha-Ownby @ Forbes:
When I think of paying with plastic, I think of credit or debit cards. However, my thought process is going to have to change. Canada will soon join a growing list of countries that use a polymer-based plastic instead of paper for its cash. The new plastic money will be rolled out in phases with the $100 bill scheduled for introduction in November. In March 2012, a $50 bill will be added to the mix and the rest of the smaller bills will be introduced by the end of 2013.

The polymer-based money is also recyclable. The money is made out of polypropylene, which can be recycled and used to create new products including plumbing fittings, compost bins and other household items.


Finish the article at Forbes

No comments:

Post a Comment