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All Forums Category: Canadian Coins and Currency Forums Forum: Canadian Coins and Colonial Tokens

Is The Bank Of Canada Allowed To Create NCLT?

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wilsonwu89
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Canada
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 Posted 09/28/2014  04:03 am Show Profile   Bookmark this topic Add wilsonwu89 to your friends list Get a Link to this Message Number of Subscribers
It'd be interesting if they created non-circulating legal banknotes.

In Hong Kong and Macau, they issued special banknotes that celebrated the 2008 Olympics but weren't for circulation (I don't think). Interesting how crazy people went over NCLT banknotes:
http://www.coinbooks.org/esylum_v11n29a26.html

It would be awesome if the BoC could revive the $1 and $2 bills in polymer form for collectors only. I would definitely buy that set.

Is the cost of designing/printing these banknotes not profitable enough to sell them or is the BoC simply not allowed?

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Harmonica
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Canada
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 Posted 09/28/2014  07:16 am  Show Profile   Bookmark this reply Add Harmonica to your friends list Get a Link to this Reply
The 7th bullet of the Currency act and the 18th bullet of the Bank of Canada act says no siry Bob on the topic of issuing money.
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