Cantonese chat re Bank of Canada Governor Mark Carney to lead Bank of England

Wednesday, 28 November, 2012

(廣東話) 經濟分析師陳心田與獨立記者林錦堂講一講加國行長Mark Carney空降英倫銀行

(in Cantonese) Economic Analyst +Wallace Chan & Independent Reporter Kempton Lam chat re Bank of Canada Governor Mark Carney to lead Bank of England.

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Exclusive: Bank of Canada found only one poor-quality counterfeit new polymer $100 note, analyzed by RCMP

Thursday, 17 May, 2012

2011 Canada New Polymer $100 - back - pix 18

In a followup interview with Nish Vairavanathan, a Bank of Canada currency analyst, this reporter has confirmed that (as far as Vairavanathan was aware) there is only one known case of counterfeit new polymer $100 banknote. (Note: The new polymer $100 was launched a few months ago in November 2011.) As reported yesterday (also mirrored in an article here), the counterfeit new polymer $100 bill was of very poor quality. For example, the counterfeit new polymer $100 bill did not have the transparent window in the middle of the banknote, one of the most obvious and easily verifiable security feature.

Readers of this article should not be alarmed by the existence of this one known case of counterfeit new polymer $100 banknote, what you can do is arm yourself with the knowledge of the new polymer banknote’s security features. You can start by watching a video of me handling and inspecting a new $100 banknote for its security features up close. Also watch this informative PSA video from Bank of Canada: The New $100 Note. I’ve been informed the single counterfeit new polymer $100 banknote is with the RCMP National Anti-Counterfeit Bureau being analyzed. I asked if a picture of it is available to the media but was told that information like how it looks, where it was found, etc are not being shared (I presume for security or police investigation reasons).

What should Canadians do when we come across suspected counterfeit banknotes?

Any Canadians handling cash, especially those in the front line handling cash as a cashier or merchant, etc, should familiarize ourselves with the new polymer banknotes’ security features. When we see any cash that doesn’t look real, then we can and should refuse it and simply politely ask for another form of payment.

For our safety, don’t confront the payer as it may put ourselves in danger, contact local police instead. Plus the person with the “counterfeit-looking” banknote may be truly innocent and not aware the banknote is potentially a counterfeit. You may be interested to know, Bank of Canada discovered $2.6 million dollars worth of Canadian Journey series counterfeit banknotes last year, 48% are $20 bills and 37% are $100 bills.

Curious readers may be interested to know, the old Canadian Journey series banknote costs 10 cents each to print compare to the new polymer banknote costing 19 cents each to print but will last 2.5 times longer make the polymer banknotes more cost effective in the long term according to Bank of Canada.

Note: This news is marked “Exclusive” because at press time, as far as I can find or search, no news media has reported or picked on the existence of the one poor-quality counterfeit new polymer $100 note and the fact that the RCMP National Anti-Counterfeit Bureau has it under analysis.

(Article is cross-posted to Examiner.com)


Bank of Canada confirms poor-quality counterfeit polymer $100 notes as it launches 4 new PSAs to help educate public to prevent financial crimes

Wednesday, 16 May, 2012

Bank of Canada - pix 00

Yesterday, Bank of Canada unveiled four public service announcements (PSAs) at Toronto Police Service headquarters.

The Bank of Canada takes counterfeiting very seriously and responds by researching and developing new notes with innovative security features that are both easy to check and hard to counterfeit. The Bank of Canada will be unveiling four new public service announcements to help educate the public and assist in the prevention of Financial Crimes.

During the post-press conference Q&A, Bank of Canada representative confirmed with this reporter that since the launch of the new polymer $100 notes in November 2011, there have been attempts to counterfeit the polymer $100 notes and the counterfeit $100s were in circulation. Fortunately, according to the Bank representative, the quality of these counterfeit C$100 notes were of very poor quality, for example, these counterfeit notes didn’t even have the transparent windows, one of the most obvious and easily verifiable security features. Which is why the Bank is emphasizing the importance of educating the public to detect counterfeit polymer notes. You can watch my questions and the Bank representative’s answers at the 20:00 mark of this YouTube video.

Full press conference video: Fighting Fraud On The Front Lines ~ Bank of Canada & Toronto Police Financial Crimes Unit

Bank Note Counterfeiting – from Bank of Canada

A good way to check bank notes is FLP (Feel, Look, and Flip) as explained here at the 3:20 mark.

Some readers may remember I’ve previously written about polymer banknotes since Bank of Canada first announced (in March 2011) that it would launch polymer notes in Canada. The following are my in-depth research articles based on information known or found at the time.

March 2011, “Secrets of Bank of Canada’s new plastic money: An advance look of 12 possible security features

March 2011, “Bank of Canada’s new polymer banknote – Patents & technologies by Securency International

June, 2011, “Canada New Polymer $100 Notes in Nov 2011 – Now your money is smooth & will bounce!

November, 2011, “Canada polymer $100 banknote hands-on look finally! (with video)

Note: See also this 660 News article reporting about the BoC press conference, “Bank of Canada launches fraud prevention campaign“.

Note: article is cross-posted to examiner.com

Bank of Canada - pix 01

Bank of Canada - pix 02

Bank of Canada - pix 03


The new $20 and new (Nov 2011) $100 polymer bank note

Wednesday, 2 May, 2012

From Bank of Canada “The new $20 polymer bank note

My hands on look of the new (Nov 2011) $100 polymer bank note and money laundering experiment.

And a full b-roll commentary of the $100 bank notes.


Canada polymer $100 banknote hands-on look finally! (with video)

Thursday, 17 November, 2011

2011 Canada New Polymer $100 - back - pix 18

I’ve written and speculated extensively about the new Canadian polymer notes. Finally, I am excited to say I’ve got one in my hand now. Have a watch of this slideshow of the new polymer C$100. In comparison, watch this slideshow of the HK$10 (which is less than US/C $2).

Here is a video of me checking out the new polymer $100, I slowed down the video at various place so you can have a closer look at some features.

Comments:

1) Raised ink: I definitely feel the raised ink on the large “100” and the shoulders and different parts of the bill.

2011 Canada New Polymer $100 - front - pix 09

2) What hidden 100? I have given up trying to find the hidden numbers (using a single light source) in the maple leaf! Some people can see it, not me. So if this security feature is hard to use, or only some people (or small percent of people) can use it, I am questioning if this is a good security feature at all!

Note: I wonder if this feature is the WinDOE® (Diffractive Optical Element) as I wrote in “12 possible security features” in March?

New Bank of Canada $100 Polymer Note - Hidden numbers

3) Polymer but not cheap plastic feel: I actually quite like the feel and don’t feel it is “cheap” or anything thing. It feel like it is good quality. But only time and actually use will tell.

4) Large transparent window and metallic strip: I LOVE them! To me, they are the best part of the bill. They are extremely easy to inspect and tell if it is a real $100 with minimum training! They are hard to fake thanks to Securency International’s security features and patented technologies.

2011 Canada New Polymer $100 - front - pix 06

Further info: In March, I wrote a speculative technology piece with extensive links to patents by Securency International, “Bank of Canada’s new polymer banknote – Patents & technologies by Securency International” After the new $100 was announced in June, I wrote “Canada New Polymer $100 Notes in Nov 2011 – Now your money is smooth & will bounce!

2011 Canada New Polymer $100 - back - pix 22

2011 Canada New Polymer $100 - back - pix 20

2011 Canada New Polymer $100 - back - pix 12

2011 Canada New Polymer $100 - front - pix 02

The HK$10 (less than US/C$ 2)

HK polymer $10 (2007)

Here are some design info about the polymer $100 from Bank of Canada:

“$100 Note – Design Features
Portrait: Sir Robert L. Borden, Prime Minister, 1911–20
Signatures: Left – T. Macklem, Right – M.J. Carney
Size: 152.4 x 69.85 mm (6.0 x 2.75 inches)
Issue Date: November 2011
Theme: Medical Innovation Read the rest of this entry »


New polymer Canada $100 notes coming today (Nov 14th)

Monday, 14 November, 2011

Nov 17th update:  Happy to say I finally got a chance to play with my new Canada polymer C$100 bill (with video).
***
Update Nov 16th: Just checked with Bank of Canada and got some clarifications. It will take BoC a few weeks to get the polymer $100 notes to different cities and local bank branches. And once the banks have the new $100, they will start removing the old $100 notes from circulation. Meaning if you deposit an old $100, it will be shipped back to Bank of Canada to be destroyed.

***

Update: CTV News, “Polymer $100 bill now in circulation” (with video)

CBC News: “New polymer $100 bill goes into circulation – First in series of new bills, the $100s have enhanced security features to thwart counterfeiters” (with video)

“Do Canada’s new bank notes fit the bill?”

***

The new polymer Canada  $100 notes are finally here today (Nov 14, 2011)! Here is a press release from Bank of Canada with a link to their live webcast,

“WEBCASTS – 14 NOVEMBER 2011:

Audio and video Webcasts of the official ceremony to issue the new $100 polymer bank note will be available at 13:00 (Eastern Time).

The Webcasts will be accessible from this location: http://www.bankofcanada.ca/media-room/webcasts/

Note: We recommend that you access Webcasts five minutes before their scheduled start time.”

Have a read of my previous articles here and here.

My commentaries of the new polymer Canada  $100 notes


Canada New Polymer $100 Notes in Nov 2011 – Now your money is smooth & will bounce!

Monday, 20 June, 2011

Nov 17th update:  Happy to say I finally got a chance to play with my new Canada polymer C$100 bill (with video).
***

New Bank of Canada $100 Polymer Note - Front

New Bank of Canada $100 Polymer Note - Back

After some waiting, I am very excited to learn that the new $100 polymer bank notes will begin circulation in November 2011 in Canada. And they look great and cool too!

I’ve been waiting for the polymer notes since March 2011 when I wrote, “Secrets of Bank of Canada’s new plastic money: An advance look of 12 possible security features” and “Bank of Canada’s new polymer banknote – Patents & technologies by Securency International“. Now, I have to see how many of the security features are loaded into the $100 bills, the highest value bank notes in Canada. Not surprisingly, I expected the $100 to have the most security features. Yes, $100 bank notes will have everything and the kitchen sink.

Note: This article is being updated for today and the next few days, so please check back for further general and technical coverage.

New Bank of Canada $100 Polymer Note - Frosted maple leaf window

New Bank of Canada $100 Polymer Note - Large window

New Bank of Canada $100 Polymer Note - Hidden numbers

Here is the official video “Bank of Canada: The New $100 Note

Here is a video of my first impression (on20110620) of the Bank of Canada’s new polymer $100 notes.

For example, as I wrote in “An advance look of 12 possible security features” in March 2011, I speculated the use of LATITUDE™, which I think can now be confirmed in the 1:25 mark of the Bank of Canada video.

1. LATITUDE™ (link to pix) [Kempton: likely, especially on higher value banknote like $100]

01-Latitude4

“LATITUDE™ is an optically variable device (OVD) that is integrated into the transparent window area of the substrate and allows for design freedom, which enhances the security of the banknote. Through tilting the banknote, multiple images and optical effects are observed. “

Further comments, with time codes, of the official video “Bank of Canada: The New $100 Note“.

0:32 Smooth texture of the notes

0:40 Feel the raise ink (Is this like WinBoss® discussed in “12 possible security features“? Update: Thinking more about it, actually no. I think WinBoss® is a different advanced feature, not used in C$100.)

1:00 Two transparent windows (Is this like WinTHRU® discussed in “12 possible security features“?)

1:05 Frosted maple leaf window & the large window (Is this like LATITUDE™ discussed in “12 possible security features“?)

1:14 Metallic portrait matches the main portrait (Is this like LATITUDE™ discussed in “12 possible security features“?)

1:22 Metallic building (Is this like LATITUDE™ discussed in “12 possible security features“?)

1:25 Tilting will shift colour on portrait and building (Is this like LATITUDE™ discussed in “12 possible security features“?)

1:50 Look through single point light source will see hidden numbers (is this like WinDOE® (Diffractive Optical Element as discussed in “12 possible security features” ??)

P.S. See my March 2011 article, “Secrets of Bank of Canada’s new plastic money: An advance look of 12 possible security features“.

See official Bank of Canada webcast of the launch announcement.

See also TorStar report, “Coming soon: money you can launder“.


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