What is Canadian Money Printed On?
Canada's currency, the Canadian Dollar, has a unique printing process that involves specialized companies and advanced materials. In this article, we explore the printing methods and materials used for Canadian banknotes.
Introduction
The Canadian Dollar is overseen by several companies that take part in its production. Two main printing companies in Ottawa, the Canadian Bank Note Company and the British American Bank Note Company, produce currency for numerous countries, including Canada. While the paper money of yesteryears has been transitioned, the more recent banknotes are now made of polymer.
The Evolution of Canadian Banknotes
The traditional banknotes were printed on special paper manufactured in a single mill in Northeastern Ontario. However, the recent and smaller notes are now produced using a polymer film. This polymer film is transparent wherever there is no ink, providing a more durable and secure method of currency production.
The Australian Influence
The polymer used in these banknotes was not developed in Canada. In fact, it was the Australians who pioneered the process, and Canada adopted it with their permission. The Australians granted the licence to Canada to use their advanced polymer technology. This move was crucial in enhancing the security and longevity of the Canadian Dollar.
Material Composition and Printing Techniques
Modern Canadian banknotes are made from biaxially oriented polypropylene (BOPP), a type of polymer plastic. BOPP is chosen for its durability and resistance to wear. Additionally, these banknotes use a unique type of ink called metameric inks. Metameric inks appear the same under a variety of lighting conditions, adding another layer of security to the currency.
Benefits of Polymer Banknotes
The shift to polymer banknotes provides several advantages. Firstly, polymer is extremely durable and can withstand wear and tear, extending the life of the banknotes. Secondly, the transparent sections where there is no ink make it harder for counterfeiters to replicate the banknotes. Thirdly, polymer banknotes are more environmentally friendly because they use less paper and printing inks.
Conclusion
Understanding the materials and printing techniques used in Canadian banknotes is essential for both residents and visitors to the country. The transition to polymer banknotes represents a significant advancement in currency design, ensuring security and longevity while reducing environmental impact. As technology continues to evolve, it is likely that the Canadian Dollar will continue to incorporate new features to protect against fraud and maintain its status as a respected form of currency.