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9852_82 | on 29 September 2004. In 2003, high-quality counterfeits of the banknote appeared in circulation in |
9852_83 | Ontario and Quebec. |
9852_84 | $50 note |
9852_85 | The obverse of the red $50 banknote includes William Lyon Mackenzie King, and the reverse has the |
9852_86 | snowy owl depicted on a background of an Arctic landscape. This portrait was also engraved by |
9852_87 | Thomas Hipschen, and was placed adjacent to the Parliament buildings flying the Canadian Red |
9852_88 | Ensign. The colour of this banknote differed slightly from the same denomination in the Scenes of |
9852_89 | Canada series, as its hue was blue-red instead of the earlier banknotes orange-red. |
9852_90 | Introduced on 1 December 1989 and withdrawn on 17 November 2004, the $50 bill was the last banknote |
9852_91 | of the series to cease being printed. It was the first Canadian banknote to feature the optical |
9852_92 | security device. |
9852_93 | $100 note |
9852_94 | Robert Borden is featured on the obverse of the brown $100 banknote, which has the Canada goose on |
9852_95 | its reverse. Yves Baril also engraved this portrait, and the banknote also depicts a vignette of |
9852_96 | the Centre Block with the Peace Tower flying the Union Jack, which was flown on all federal |
9852_97 | buildings from 1904 to 1945. |
9852_98 | The banknote was introduced on 3 December 1990 and withdrawn on 17 March 2004. Many merchants, |
9852_99 | including Food Basics, Jumbo Video, McDonald's Canada, No Frills, Shoppers Drug Mart, and Tim |
9852_100 | Hortons, stopped accepting the $100 banknote in 2001 as it became increasingly counterfeited. |
9852_101 | By 2013, counterfeit versions of the banknote represented half of all counterfeit banknotes in |
9852_102 | circulation in Quebec, and 80% of all counterfeit $100 banknotes in the province. |
9852_103 | $1000 note |
9852_104 | The pink-hued $1000 banknote has an obverse with the same portrait of Elizabeth II used on the $2 |
9852_105 | banknote adjacent to a vignette of the Centre Block and Library of Parliament, the modern flag of |
9852_106 | Canada flying from the Peace Tower. The reverse features a pair of pine grosbeaks, the engraving of |
9852_107 | which was based on a watercolour by John Crosby. Originally, it was intended to use an image of a |
9852_108 | spruce grouse, but its nickname "fool hen" was "considered too controversial". This was the first |
9852_109 | new $1000 bill printed since the 1954 Canadian Landscape series. |
9852_110 | The banknotes were often referred to as "pinkies" because of their colour. On average, a $1000 |
9852_111 | banknote remained in circulation for 13 years owing to its infrequent use. It was released on 4 May |
9852_112 | 1992. The banknote was withdrawn from circulation by the Government of Canada on 12 May 2000 at the |
9852_113 | request of the Bank of Canada, the Department of Finance, and the Royal Canadian Mounted Police |
9852_114 | (RCMP) as part of a program to reduce organized crime. At the time, 2,827,702 of the $1000 bills |
9852_115 | were in circulation, representing 0.3% of all circulating currency; in 2001, 520,000 banknotes were |
9852_116 | withdrawn from circulation and destroyed. By 2011, fewer than 1 million were in circulation, most |
9852_117 | of which were held by organized crime and used for money laundering. |
9852_118 | Printings |
9852_119 | Each printing of the banknote series is signed by the Governor of the Bank of Canada and the deputy |
9852_120 | governor. |
9852_121 | The Canadian Bank Note Company (CBN) printed the $2, $5, $20, $50, and $1000 banknotes, and the |
9852_122 | British American Bank Note Company printed the $2, $10, $20, and $100 banknotes. |
9852_123 | Security |
9852_124 | All banknotes featured intaglio printing, microprinting and fine lines, fluorescence, and unique |
9852_125 | colours and serial numbers. The intaglio printing is raised ink appearing on the large numeral, the |
9852_126 | Arms of Canada, parts of the portrait, and the horizontal bands containing the words "BANK OF |
9852_127 | CANADA". The fine but clear microprinting cannot be easily reproduced by photocopiers and printers, |
9852_128 | and appears on the background patterns of the banknotes, the facial portion of the portraits, and |
9852_129 | in the vignette of the Parliament buildings. The colours used on the banknotes were based on |
9852_130 | security inks that could not be easily replicated. |
9852_131 | The $20, $50, $100, and $1000 banknotes had a colour-shifting metallic foil security patch on the |
9852_132 | upper left corner, an optical security device that was difficult to reproduce with colour |
9852_133 | photocopiers and other commercial reproduction equipment of the time. It was a vacuum-deposited |
9852_134 | thin film consisting of ceramic layers developed by the Bank of Canada and the National Research |
9852_135 | Council of Canada in the early 1980s and was manufactured at the Bank of Canada roll-coating |
9852_136 | facility. The iridescent smooth patch would appear in a gradient between gold and green and show |
9852_137 | the face value of the banknote depending on the viewing angle, had no raised edges, and could not |
9852_138 | be peeled off the banknote. When photocopied, it would appear as a dark patch. All banknotes in the |
9852_139 | series were printed with a security ink that would fluoresce blue under ultraviolet light. |
9852_140 | The banknotes also had a feature causing photocopiers recognizing it to refuse to copy the |
9852_141 | banknote, and a digital watermark which had the same effect on personal printers and scanners. |
9852_142 | These features had no effect on devices that could not recognize them. |
9852_143 | This was the last Canadian banknote series to include planchettes, small green dots on the paper |
9852_144 | bills introduced in the 1935 Series (banknotes). These dots fluoresce blue under ultraviolet light |
9852_145 | and were used as a security feature. Some planchettes could be removed from legitimate bills, |
9852_146 | leaving a perfect bluish circle on the bill. Planchettes occurred with random position on both the |
9852_147 | obverse and reverse of banknotes, either on the surface or within the note. |
9852_148 | In the mid 1990s, the Bank of Canada tested a new substrate for use in printing banknotes. It |
9852_149 | printed 100,000 experimental $5 banknotes having a substrate of polymer core with paper at the |
9852_150 | sides. The project was discontinued because the supplier could not produce the substrate at the |
9852_151 | scale required by the Bank of Canada for printing banknotes. |
9852_152 | Counterfeiting |
9852_153 | An attempt to create a faithful counterfeit reproduction of the $50 banknote using colour |
9852_154 | photocopiers was recorded in 1990. By the mid 1990s, counterfeiters had found a way to accurately |
9852_155 | reproduce the metallic foil. Counterfeit banknotes did not usually properly reproduce the fine |
9852_156 | lines and microprinting, rendering it as smudged or blurry. |
9852_157 | The security features introduced in the Birds of Canada series led to a reduction in the |
9852_158 | counterfeit ratio of bills circulated in Canada to 4 parts per million (PPM) by 1990, one of the |
9852_159 | most secure currencies in the world. With the continuing advances in retail and commercial |
9852_160 | technology, by 1997 the counterfeit ratio had increased to 117 PPM, exceeding the 50 PPM de facto |
9852_161 | international benchmark. In late 2000, Wesley Weber scanned the $100 banknote, and for weeks used |
9852_162 | graphics software to correct the "fuzziness of the image" and improve its sharpness. He then |
9852_163 | conducted research to find a paper stock similar to that used for the real banknotes that would not |
9852_164 | fluoresce under ultraviolet light, and chose Mohawk Super Fine soft-white cotton fibre stock with |
9852_165 | eggshell finish. He used an inkjet printer to print three counterfeit bills per page, and |
9852_166 | stencilled onto each bill a metallic patch similar to the optical security device that he obtained |
9852_167 | from a company in New Jersey. He was arrested in 2001, by which time he had manufactured |
9852_168 | counterfeit banknotes with a face value of $6 million, and Canada's counterfeit ratio had increased |
9852_169 | to 129 PPM. That year, the Bank of Canada introduced the Canadian Journey Series, the banknotes of |
9852_170 | which were more resistant to counterfeiting. |
9852_171 | In 2003, a high-quality counterfeit version of the $20 banknote was found in circulation in Ontario |
9852_172 | and Quebec. These counterfeit banknotes had been manufactured using "high quality paper, a manual |
9852_173 | hot foil-stamping machine, and airbrushing equipment" and die cut. Several Bulgarian counterfeiters |
9852_174 | were convicted and sentenced for counterfeiting the banknotes in December 2006. By 2004, |
9852_175 | counterfeit Birds of Canada $20 banknotes represented nearly 65% of all counterfeit currency in |
9852_176 | Canada. |
9852_177 | Today, the Birds of Canada banknotes are relatively easy to counterfeit with inkjet printers. The |
9852_178 | Birds series and the original Canadian Journey Series are the most commonly counterfeited Canadian |
9852_179 | banknote series because of their lack of modern security features. |
9852_180 | Effectiveness |
9852_181 | The Bank of Canada commissioned a research survey of cash handlers and the general public to |
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