Canadian goverment has announced that in the second half of 2011 it will replace the cotton-paper banknotes with much more durable plastic ones. The plastic banknotes last two to three times as long, are harder to counterfeit, and are waterproof. This change will reduce the cost of printing the banknotes, and will reduce the amount of counterfeit bills being produced (at least by amatures). Canada will rely on the sole supplierof the polymer material for the notes, - an Australian company. Australia's currency is also made of polymer. Although plymer notes cost more to print, their durability will mean that far fewer notes need to be printed.
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