Canada's New $100 Bill: Enhanced Security Leads to Major Problems

    MISSISSAUGA, ON, September 30, 2011 /24-7PressRelease/ -- In June 2011, the Bank of Canada announced new polymer bank notes would begin to circulate, starting with the $100 bill, in November 2011. More durable, secure and cost-effective than previous paper money, there's much excitement surrounding the release. These notes are considered to be the most secure bill in Canada's circulation history, and what's more? They can be recycled.

As the upcoming November 2011 release date draws near, one major issue seems to have been overlooked. Most makes and models of the counting machines used by bank tellers and many businesses for large volumes of cash will not function with this new plastic money. Because of a large transparent window on the new bills--the first of its kind in the world--these counters cannot detect that there is actually anything in the machine, causing counting errors. As a result, almost every counter being used in the Canadian marketplace today will have to be replaced.

Companies such as John Poulet Cheque Writer Service are working diligently with manufactures to bring a cost-effective solution to the marketplace. These new high-speed, high-volume counters should be ready for release by the time the first new polymer bills are introduced. In the meantime, you can qualify the equipment currently used by your financial institution or business by using the free currency counter qualification form located at www.jpoulet.com/test100.

FREE CURRENCY COUNTER COMPATIBILITY VERIFICATIONS NOW AVAILABLE BY VISITING www.jpoulet.com/test100

PR INFORMATION:

Canadian Currency Expert / Technical Contact:
John Poulet Cheque Writer Service Ltd.

Ted Brosnan
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