The Bank of Canada announced on March 26, 2012 that the new notes will be distributed to all the financial institutions throughout the country starting Monday, and the new bills will be the first polymer notes that will be available in automatic banking machines.
The 100 Canadian dollar polymer bill came out last fall, but since Canadians rarely use such big bills, many Canadians have not seen a polymer note. Eventually, all of Canada's bank notes will be replaced with plastic money.
The new 50 dollar note depicts the Canadian Coast Guard Ship Amundsen, an image intended to highlight the nation's arctic research efforts. The bill, like the old one, bears the image of Prime Minister William Lyon Mackenzie King, Canada's longest-serving head of government, who led the country through World War II.
The bill is made of Australian-produced polymer that is almost impossible to tear with bare hands. The bill contains many security features, including raised letters, hidden numbers and a clear window containing a hologram.
Smaller denominations in the polymer series, the 20, 10 and 5 dollar bills that are the most commonly-used bank notes, are expected to be released by the end of 2013.
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