Banks and federally chartered trust and loan companies are required to transfer to the Bank of Canada all unclaimed bank balances maintained in Canada in Canadian currency that have been inactive for a period of 10 years. Understanding digital currencies and related financial technologies is an important part of our research agenda. Strength in Diversity - Senior Deputy Governor Carolyn A. Wilkins speaks before the Associates of the Asper School of Business.

Bank of Canada exchange rates are nominal quotations — not buying or selling rates — and are intended for statistical or analytical purposes. The Bank carefully monitors changes in credit conditions, the money supply, financial system liquidity, as well as in other credit-market indicators.

For the best possible experience using our website we recommend that you upgrade your browser to the newest version, or try an up-to-date Internet browser such as ChromeFirefox or Opera. Routinely checking the security features of all notes - large and small - allows cashiers to intercept counterfeits and keep them out of the till and out of your change.

Security features are helpful only if you use them. To fight counterfeiting, the Bank offers free training materials to help the publicbusinessesand police agencies use the security features in genuine bank notes. Remember that the person in possession of the bill could be an innocent victim who does not realize that the note is suspicious. Either way, the police should be informed of possible counterfeiting activity in your community.

Timely reporting helps police and prosecutors bring counterfeiters to justice. The Economic Impact of Counterfeiting in Canada. Toggle navigation FR Toggle Search.

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Home Bank Notes Counterfeit Prevention Counterfeit Prevention Checking - Preventing - Reporting The Bank of Canada takes counterfeiting very seriously and responds by: Know Your Notes Security features are helpful only if you use them.

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Dealing with Suspicious Money Making or passing counterfeit notes is a criminal offence and should be reported. What to do if you suspect that you have been offered a counterfeit note during a transaction: Assess the situation to ensure that you are not at risk. Then do the following: Politely refuse the note and explain that you suspect that it may be counterfeit.

Ask for another note and check it too. Advise the person to check the note with the local police. Inform your local police of a possible attempt to pass suspected counterfeit money. What to do if you suspect that a note is counterfeit after a transaction: Give it to the local police.

Bank Note Security Features Polymer Canadian Journey Impact of Counterfeiting The Economic Impact of Counterfeiting in Canada Counterfeiting Statistics. The Royal Canadian Mounted Police publishes annual statistics on bank note counterfeiting in Canada. About Contact Careers Press FAQs.

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