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New $20 bills released

By Bill Graveland

The Bank of Canada launched another salvo in the war against counterfeiters Wednesday with the release of a new $20 bill into circulation.

The bill, first unveiled last month, has the same kind of security features as the new $100 banknote, and officials say the strategy appears to be working. “We introduced it March 17 and until now we’ve only seen 13 counterfeit bills that were successfully passed, and they’re very poor quality,” said Annie Degioanni, the Bank of Canada’s senior analyst for the Prairies.

“Last year we had 440,000 counterfeit bills passed in Canada – the $100 bills represented about 10 per cent or 12 per cent of the counterfeit bills that were out there,” she said.

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