Isn't Plastic The Reason For Massive Debt For Individuals?

New plastic Canadian money will attack fraud

National Post 

Jack Atley/Bloomberg News

Canadians will be using newly designed money printed on polymer instead of cotton-based paper bills by next year as part of a plan to modernize the currency and crack down on counterfeiting, Finance Minister Jim Flaherty announced yesterday in the federal budget. The Bank of Canada is expecting to start printing the new bills within the next 1½ years. "These new notes will have security features and they will be easy to authenticate," said Julie Girard, a spokeswoman for the Bank of Canada. Ms. Girard said the bank notes made of polymer could last up to two to three times longer than the cotton-based paper bills. The material is considered to be more durable and resistant to tears or damage. The Finance Department indicated that there was only one manufacturer of the polymer material, based in Australia, but Ms. Girard said the notes would still be printed in Canada. The bills are expected to have a revamped design, including a small window on the bill that prevents photocopying. One-and two-dollar coins are also slated to undergo changes in their composition to reduce production costs at the Royal Canadian Mint.