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New $100 bills are being introduced that host a variety of security features to make them harder to counterfeit.
Paper is out. The bills are now made from a single piece of polymer, which makes the bill more durable and gives it a smooth texture, except for some key features that are raised.
The new bills feature transparent areas that contain complex holographic images, which can be viewed from either side of the bill.
The Bank of Canada, which made the announcement on Monday, says the new note will be available at financial institutions across Canada over the next few weeks.
The bank notes still pictures Sir Robert Borden, who was Prime Minister of Canada between 1911 and 1920.
The Bank of Canada plans to eventually roll out the same security enhancements to all of Canada’s paper money.
“The $50 note, which was also unveiled in June, will be issued in March 2012. The $20 note will begin circulating in late 2012, followed by the $10 and $5 notes by the end of 2013. Detailed images of the notes and information on their designs will be released on their official unveiling dates,” said the Bank of Canada in press release.
