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The E-Sylum:  Volume 9, Number 34, August 20, 2006, Article 11

BANK OF CANADA NIXES PROPOSED $200 BILL

"The Bank of Canada has withdrawn a proposal to introduce a $200
banknote after a survey of retailers showed strong opposition.

The central bank has been casting about for a high-denomination
replacement for the $1,000 banknote after it ceased to be printed
in May 2000 to help thwart money launderers and drug dealers, who
prefer large bills."

"There currently exists a significant current of opposition to the
introduction of a $200 banknote," concludes a heavily censored report
by Toronto-based SES Canada Research Inc., obtained under the Access
to Information Act.

"Asked why a $200 bill was not acceptable, retailers answered most
often that they feared it would be counterfeited. Others were worried
that a customer might clean out all the change in the till after a
single transaction.

"No design work for a new bill had been carried out, nor had a proposal
gone to federal Finance Minister Jim Flaherty, who must approve any
new denomination."

To read the complete article, see: Full Story

  Wayne Homren, Editor

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