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Blog posts : "currency"

Canada Wins Banknote of the Year with Viola Desmond $10 Bill

 

The International Bank Note Society (IBNS) announces that its voting membership has selected the Bank of Canada to receive its prestigious “Bank Note of the Year Award” for 2018.

 
With over 150 new banknotes released worldwide during 2018, only 10% were of sufficiently new design t…

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Farewell Penny

This week, Canada said goodbye to the one cent coin. The penny is being retired because it actually costs 1.6 cents to produce and the federal government believes it can save $11 million a year by getting rid of the coins. Will merchants round up or down to the nearest five cents?

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