Canadian government is planning to invalidate the banknotes coming from past issues. We expect that by the end of 2018 they will become worthless. We advise you to hurry up with exchanging them, for example with us!
The above statement is an obvious breach of a social contract. For decades, the Canadian government and its central bank have promised that old banknotes will remain a legal means of payment forever. Now, it appears otherwise. This is why we do not believe in any further announcements, in particular a commitment to enabling an exchange of old Canadian dollars in the Canadian central bank. This will, most likely, resemble the Swiss case – the banknotes brought in for exchange will be confiscated.