Explaining everything on Canadian money
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Published 2024-05-19
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All Comments (21)
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pause at 7:45 and you can see the face of satan in jj's hair
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Some guy in 1935: I hate Princesses Elizabeth on the money, i hope she leaves soon.
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They didn’t even need to vote on the 5$ bill. Terry Fox is the only private citizen with national memorability who had no controversy around his name.
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That's cool that you broke news of the $5 bill redesign being scrapped by asking a question on Instagram of all places haha
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Perfectly missed opportunity to mention our defunct beloved Canadian Tire money, J.J.
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That Instagram post implies the Bank of Canada only has the manpower to redesign one bill at a time for years at a time
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The "Unless you live in Europe" hits hard. They were specifically made to be inclusive and non-offensive, which is to say boring and about nothing.
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I love money
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"I'm starting to appreciate his videos a lot more. I used to not understand them as much but now that I understand more, they're really interesting!" -my 10yo son
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If you're talking about Canadian symbols, I'd suggest a full video about the Mounted Police. You've already talked about them before, but it is probably the most recognizable Canadian symbol that hasn't yet got its own video here.
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Banknotes are my favorite thing to keep as souvenirs when I travel abroad
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The mustache is back! The mustache is back!
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I have always said that I wish American money was different colors like this. It's very practical to be able to tell the denomination of money from a distance like that.
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Fun fact: Australia invented the polymer banknote and started using them in 1988. But these days, like Canadia, we mostly use cards/mobile phones to pay for everything. I've had the same 'emergency' $15 in my wallet since 2020.
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Was JUST looking through your channel the other day hoping you had a video about this haha, good stuff. Also, greetings from the lower mainland
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The primary reason that the "paper" money is now polymer is not security (assuming that "security" means prevention and detection of counterfeiting)! The real reason is cost. While it might cost more to make these notes, they can stay in circulation much longer, which more than offsets the additional costs.
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Minor point: polymer isn’t a ‘type of flexible plastic’, but it’s almost the other way around. Polymers are basically what we mean when we say ‘plastics’. Plastic emphasises the physical properties (they can be easily bent and deformed but stay solid at standard conditions) and polymer emphasises the chemical properties (the molecules are long chains of largely repeating molecular units). All (or pretty much all?) plastic materials are made of polymers (in the main - possibly with other molecules in between), but not all polymers are plastic.
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The $25 bill was actually a single year commemorative issue for George V’s silver jubilee. ($25 for 25 years on the throne.) This is why it was not included in the 1937 series.
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J.J., you're not alone in not understanding banking in North America, be it colonial or post-colonial in British North America either pre or post 1776. Large bill like the $1,000, $5,000, & $10,000 were probably used for inter-bank transfers. There was even a special $100,000 bill printed in these United States specifically for transfers between branches of the Federal Reserve in 1934 & 1935.
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Thank you for making this. As a Canadian with lots of old bills in my collection, this is a great explanation of why we have this money.