Have you seen Canada’s $1,000 banknotes?
The Federal Government of Canada announced in its February 27 budget that it will cancel the legal currency status of various denomination notes issued by the Bank of Canada, which are denominated in 1,000 yuan, 500 yuan, 25 yuan, 2 yuan and 1 yuan respectively. . After the legal currency status of these notes is cancelled, they will not be able to make purchases, but they can be deposited in the bank and the Bank of Canada will exchange them according to their denominations.
According to the Bank of Canada, by the end of 2017, more than one billion yuan of affected banknotes are still in circulation, including 740,000 banknotes with a face value of 1,000 yuan. The final issue date of these banknotes was May 2000; there were only 40 cards. The banknote with a denomination of 500 yuan is still in circulation.
As these affected banknotes have ceased to be issued, they are rarely seen in the market.
The Bank of Canada stated that one of the reasons for canceling the circulation of the above banknotes is that the new banknotes have better security features and are difficult to counterfeit.