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GordonThree's avatar
GordonThree
Explorer
Oct 11, 2018

Paper currency refused

Two different places refused to accept my $20 CAD notes, 1991 issue, so they're paper and not plastic.

Couldn't find anything official on government websites about paper losing legal tender status.

What gives and what can I do?

19 Replies

  • If I remember my experience in monetary matters correctly, currencies can no longer be valid 6 months from issuance of new notes.

    It is called legal tender and anyone who refused it in exchange for value is an illegal act under some limitations, example, 1 cent coins are legal tender only in 100 pcs.
  • romore wrote:
    I am actually not surprised, ourr currency has been upgraded several times since then to make it more secure. Heck, the clerk was probably not old enough to recognize it.:B


    Lol...nailed it!

    Probably looked completely fake to the vendor
  • I am actually not surprised, ourr currency has been upgraded several times since then to make it more secure. Heck, the clerk was probably not old enough to recognize it.:B
  • I guess it should have been obvious to me, take them to a bank. Thanks for the quick replies!

    BTW Thunder Bay ON is beautiful, fall colors, big fluffy snowflakes, waterfalls everywhere.
  • GordonThree wrote:
    Two different places refused to accept my $20 CAD notes, 1991 issue, so they're paper and not plastic.

    Couldn't find anything official on government websites about paper losing legal tender status.

    What gives and what can I do?


    Find a big 5 chartered bank (BMO, RBC, BNS, TDCT, or CIBC), explain the problem to a teller, and ask them if they'll exchange the paper notes for plastic ones.
    First time I've ever heard of anything like this, but it doesn't surprise me.
    Good luck.
  • Are you actually IN Canada when trying to use Canadian money ?
    If so, stop by a bank and ask them.

    If you are in the US, I think you shouldn't be too surprised since a Canadian $20 is currently only worth about $15.40 USD.
  • Not sure what to tell you but I have a strong feeling that you wont do well when they get to the point of wanting us to have that chip thingy implanted! :)