Thursday, July 12, 2012

Plastic bills: Spend them before they melt

Honestly, you have to be pretty dumb to put plastic currency on a toaster oven. Seriously, it's made of plastic -- it'll melt. (Unlike the old paper money that would burn).

Turns out Canada's new $100 and $50 bills can't stand the heat after all.
Under certain conditions they will curl up like bacon in a frying pan.

"The Bank of Canada cannot rule out that polymer notes may be damaged under certain extraordinary conditions," Julie Girard, a currency spokesperson for the Bank of Canada, told the Star Thursday.

According to various reports, the so-called indestructible polymer bills will shrink under intense heat, be it the inside of a car or placed next to a heat source.

The new $100 bills, which were introduced in November, underwent scientific tests to make sure they withstood various conditions, the Bank of Canada says. The polymer $50 was introduced earlier this year.

According to anecdotal reports from Brittney Halldorson, a teller at the Interior Savings Credit Union in Kelowna, B.C., she's heard of cases where several of the bills have melted together inside a hot car.

The Star confirmed another report of a Halifax man who laid his wallet on a toaster oven after toasting a bagel and noticed later that three $100 bills had taken on the shape of a "Coke bottle."
"So you can't rip them, you can't tear them, you can't wreck them by washing them but apparently you can heat them and melt them," said a banking industry source who asked not to be identified.

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