MSGID: 1:229/452 46417DF1
-=> August Abolins wrote to Wilfred van Velzen <=-

 AA> The million dollar bill is a souvenir bill.  :(  The highest
 AA> denomination that I am aware of that the Bank of Canada issues is the
 AA> $1,000 bill.  However, even this souvenir bill can fetch a modest
 AA> price if in good condition.  Mine is not so good.

In accordance with amendments to the Bank of Canada Act and the Currency Act
approved by Parliament in 2018, the federal government recently decided
toremove
legal tender status from some older bank notes as of January 1, 2021.
This change will affect the $1, $2, $25, $500 and $1,000 notes, which are no
longer being produced. Essentially, this means that Canadians will no longer be
able to use them in transactions.

The $1 and $2 notes stopped being issued in 1989 and 1996, respectively,
andwere replaced with coins.
The $25 note was a commemorative note. Both it and the $500 note
werediscontinued shortly after they
were issued in 1935.
The $1,000 note stopped being issued in 2000.
Some rarer notes could be worth significantly more than face value
tocollectors.
The Bank of Canada has provided step-by-step instructions for sending
banknotes directly to the Bank for redemption using our Bank Note
RedemptionService.
For more information, read our backgrounder on changes to legal tender status.
- Bank of canada website, May 31, 2019

So that kind of sucks for people who pay cash for large purchases.

Shawn

... I was not CREATING a disturbance, I was improving one already there.

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