Get to Know Canada’s First Vertical Bank Note

  • Page Views 1261
  • Canada’s new $10 bank note will begin to appear in cash transactions late this year.

    Designed to stand apart, it’s the first vertical note issued by the Bank of Canada, and features the portrait of social justice defender Viola Desmond.

    Here’s what businesses and cash users need to know about this new $10 bill.

    It Pays to Check

    As with Canada’s other notes, the new $10 has bold security features, ensuring that Canadians can use it with confidence. That’s why the Bank issues new notes – to stay ahead of counterfeiting threats and to keep pace with advances in technology.

    But remember, bank notes are only secure if you check them. Routinely checking all notes—no matter which series or value—allows you to intercept counterfeits and keep them out of circulation.

    The security features on Canada’s vertical $10 note are quick and easy to check:

    • Feel the smooth, unique texture of the note. It’s made from a single piece of polymer with some transparent areas.
    • Feel the raised ink on the front of the note, namely on the portrait, the word “Canada” and the large number ‘10’ at the bottom.
    • Look at the detailed metallic images and symbols in and around the large transparent window.
    • Look at the pattern in the eagle feather. Tilt the note to see the colour shift from gold to green.
    • Flip the note to see the elements inside the large window repeated in the same colours and detail on the other side.

    The new $10 note will be rolled out gradually and circulate alongside the other polymer $10 notes. Unlike the special $10 note issued for Canada’s 150th anniversary in 2017, printed in a limited quantity to mark this historical milestone, the vertical $10 note will be the regular $10 note produced for years to come.

    Helping Businesses Prepare

    Business owners may be wondering what this new $10 note means for their cash-handling equipment. The vertical $10 has been designed to minimize the impact on the cash-handling industry and maintains the same functional features as current polymer notes. Equipment owners and renters should contact their suppliers with questions about machine compatibility.

    A Look Ahead – What Comes Next

    With the release of this new $10 note, the Bank of Canada’s approach to issuing bank notes is changing. Rather than issuing all five denominations within a short time frame, a new note will be released every few years. This will allow the Bank to integrate the latest security features each time a new bank note is issued, ensuring that Canadians can continue to use their bank notes with confidence.

    For free, downloadable materials to help businesses train their staff, visit www.bankofcanada.ca/retailers.
    For more information, contact us at 1-800-303-1282 or info@bankofcanada.ca.

    Follow the Bank on Twitter (@bankofcanada) for the latest news about Canadian bank notes.

    The Bank of Canada Museum is on Facebook! Follow, like and share the latest information about Canada’s upcoming $10 bank note and much more: @BoCMuseum.

    Share

    New Posts Recently publish post More

    • 19 October 2020
      3 days ago No comment

      Government of Canada announces details for opening of 2020 Parents and Grandparents Program

      Ottawa—The Honourable Marco E. L. Mendicino, Minister of Immigration, Refugees and Citizenship, today announced details for the opening of the 2020 Parents and Grandparents (PGP) Program, building further on the government’s commitment to reuniting families. Over a 3-week period, from 12 p.m. EDT on October 13, 2020, to 12 ...

    • 18 October 2020
      3 days ago No comment

      Filipino candidates Mable Elmore, Cyrus Sy, Jaeden Dela Torre run in October 24 B.C. election

      Three Filipino Canadians are running for seats in the B.C. Legislative Assembly in the provincial election on October 24, 2020. They are Mable Elmore, Cyrus Sy, and Jaeden Dela Torre. Elmore is seeking a fourth term as Member of the Legislative Assembly (MLA) for Vancouver-Kensington. Elmore was first elected ...

    • 18 October 2020
      3 days ago No comment

      Advance voting for B.C. election starts October 15

      Voters in British Columbia don’t need to wait for October 24 to cast their ballot in this year’s provincial election. Advance voting starts on October 15, and runs through October 21. Voters can check on the website of Elections B.C. to find out where they can cast an advance ...

    • 08 October 2020
      2 weeks ago No comment

      B.C. NDP leader John Horgan supports creation of Filipino cultural centre in Metro Vancouver

      John Horgan, leader of the B.C. NDP is hoping to form a majority government after the October 24 election. Last September, Horgan dissolved the legislative assembly, triggering an election that ended his NDP minority government. With polls showing Horgan and the B.C. NDP leading, his gamble may pay off. ...

    • 02 October 2020
      3 weeks ago No comment

      IRCC speeding up processing for spousal applications

      Ottawa—The Honourable Marco E. L. Mendicino, Minister of Immigration, Refugees and Citizenship, is announcing action to speed up spousal application processing and help families build their lives together in Canada. Immigration, Refugees and Citizenship Canada (IRCC) has increased the number of decision makers on spousal applications in Canada by ...

    %d bloggers like this: