Ebene News – CA – Final countdown to spend $ 1 and $ 2 bills in stores as they lose status 2021

Canadians who still keep their old paper money have until midnight tonight to spend it, as stores will stop accepting certain denominations after the new year

Certain banknotes issued between 1935 and 1986 will lose their legal tender status at midnight

The Bank of Canada website states that the affected banknotes can still be exchanged or deposited for face value at a bank or by the central bank, but cannot be spent in stores

The change in legal tender policy only covers banknotes that are no longer produced, including $ 1, $ 2, $ 25, $ 500 and $ 1,000

Bank of Canada says affected banknotes are so rare they’re barely seen or recognized by store clerks anyway – and some are worth more to collectors than in circulation

Central bank says long-awaited policy change puts Canada on par with other central banks, like Bank of England, as newer banknotes have better security features and are more difficult to counterfeit

The Bank of Canada has reminded consumers of the change to come throughout the year, but says the policy change comes down to a technical term for most people

“Money today is not just banknotes, but takes many different forms: credit cards, debit cards, checks and contactless payments using mobile devices” , says Bank of Canada website

“You can pay with any of these forms of money, even though they are not considered legal tender” In fact, anything can be used if buyer and seller agree on the method of payment Thus, “ legal tender ” has little impact on our daily life “

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Travelers must now present a screening test dating less than 3 days according to the Minister of Intergovernmental Affairs, Dominic LeBlanc, who specifies that this additional measure does not replace the obligation of quarantine Quebec has formulated this requirement the day before, through the voice of his Minister of Health, Christian Dube wants the federal government to impose on each traveler “the obligation to be tested before taking their plane back to Quebec” “If I find myself on a beach in the Caribbean this week, I will be looking for a clinic to have a screening test before my return ”, illustrated M Leblanc at a press conference. He announced that all these border measures could be reinforced depending on the evolution of the situation. Security Minister Bill Blair has insisted that this “extra” measure on drug testing does not replace the 14-day quarantine requirement. It was already done to newcomers Respect for quarantines will also be subject to stricter control, he indicated, thus bringing the federal government into line with another requirement of Quebec Mr. Blair recalled that violators of compliance of the 14-day quarantine were exposed to heavy penalties and in particular hefty fines He deplored the propensity of some people to “ignore” the restrictions put in place against the spread of the coronavirus and in particular the suppression of non-essential travel “La Constitution does not allow us to prevent Canadians from leaving the country But if you must travel, know that when you return to Canada you must follow strict guidelines and quarantine yourself for 14 days, ”Minister Leblanc said, warning travelers they would like to stay abroad longer than expected Ministers Leblanc and Blair have not specified a date for the entry into force of the measure concerning testing s but more details will be released by the Federal Ministry of Transport on Thursday Godlove Kamwa, Local Journalism Initiative, Le Canada Français

Banknote, Canada, Central Bank

Ebene News – CA – Final countdown to spend $ 1, $ 2 banknotes in stores as they lose their 2021 status

Source: https://ca.finance.yahoo.com/news/final-countdown-spend-1-2-090000253.html