Philippine Asian News Today Vol 20 No 22 | Page 11

November 16 - 30, 2018
BUSINESS NEWS
PHILIPPINE ASIAN NEWS TODAY
11
10 things you need to know about Canada’s new vertical $10
issued by the Bank of Canada. In
keeping with the Bank’s innovative
approach to design, this sets it
apart from current polymer notes
and allows for a more prominent
image of the portrait subject.
4) It’s the first time
Canadians decided who should
be featured on a bank note
Viola Desmond was
selected after the Bank launched
an extensive public consultation
to nominate an iconic woman for
a new bank note. She is the first
portrait subject nominated by
Canadians.
5) It was a successful
consultation
We received A LOT
of nominations. Canadians
definitely wanted to have their
say on who should appear on
the next bank note. The six-week
consultation produced more
than 26,000 nominations and
461 eligible nominees. These
choices were then whittled down
by an independent advisory
council to a short list of five
Canadian women. The Finance
Minister ultimately made the final
decision.
6) It has a theme:
human rights and social justice
The back of the new
$10 note features the Canadian
Museum for Human Rights in
As you may have heard, a Winnipeg, Manitoba—the first
new $10 note will soon be making museum in the world dedicated
its way into your wallet. Its vertical solely to human rights. The note
orientation and portrait of social also includes a depiction of an
justice defender Viola Desmond eagle feather, a symbol of truth,
likely caught your attention.
power and freedom for many First
Here’s a quick and easy Nations peoples in Canada. It’s
list of the top 10 things to know intended to represent the ongoing
about Canada’s new $10 bill as it journey toward recognizing rights
gradually enters circulation:
and freedoms for Indigenous
1) It’s the first time a peoples in Canada.
Canadian woman appears on a
7) It has some bold
regular bank note
new security features
Portrait
subject
Viola
As with all Bank of Canada
Desmond, a successful Black Nova notes, security is paramount, and
Scotia businesswoman who fought the vertical $10 includes several
against racial discrimination, is the enhanced security features. These
first Canadian woman to appear include transparent areas, raised
on a regular bank note. She was ink on the front of the note, detailed
chosen for her courageous stand metallic images and symbols, and
for equality and social justice.
the colour-shifting eagle feather.
2) It features an icon of The bold features on this note
human rights and freedoms
are easy to check and difficult to
In November 1946, she counterfeit.
defiantly refused to leave a whites-
8) Yes, it’s a polymer
only area of a movie theatre and note
was subsequently jailed, convicted
The vertical $10 is printed
and fined. Her court case was one on a polymer substrate, as all
of the first known legal challenges Canadian bank notes have been
against racial segregation brought since 2011. Polymer notes are
forth by a Black woman in more secure, last longer (about
Canada.
3.5 times) and they’re even
3) It’s vertical
recyclable!
This is the first vertical note
9) It doesn’t mean you
pace with advances in technology.
Follow the Bank on Twitter
(@bankofcanada) for the latest
news about Canadian bank notes.
The Bank of Canada
Museum is on Facebook! Follow,
like and share the latest information
10) It’s going to be about Canada’s upcoming $10
bank note and much more: @
around for a while
This is the new regular BoCMuseum.
More images of Canada’s
$10 note you’ll see in circulation
for years to come. The Bank new $10 note are available at
issues new notes to stay ahead of https://www.flickr.com/photos/
counterfeiting threats and keep bankofcanada/
need a vertical wallet
This may be the first vertical
bank note in Canada, but you won’t
have to handle it differently. It’s the
same size as other bank notes and
you can use it in the same way.
PNT Foreign Exchange
$1.00 Cdn = P 40.04 Php
$1.00 US = P 53.03
€1.00 EUR = P 59.95
D1.00 BHD= P 140.61
R1.00 SAR = P 14.13
¥1.00 JPY= P 0.47
WWW.PHILIPPINEASIANNEWSTODAY.COM