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Preet Banerjee, B.Sc., FMA, DMS is a former stockbroker and financial advisor in Toronto. Information on this site is for entertainment purposes ONLY. Always seek individual professional advice before making any financial decisions.

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The Canadian Dollar: Flax Free Since 1983

July 17th, 2008 • Related • Filed Under


                                                         
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Since 1983, Canadian bank notes (dollar bills) have been printed on 100% cotton paper.  However, when the first bank notes were printed back in 1935 they were composed of 25% cotton and 75% flax. The composition was reversed to 75% cotton and 25% flax during the Second World War to conserve flax for the production of linen used in military uniforms. It wasn’t until 1983 that the composition was changed to be 100% cotton which was brought about by Quebec environmental laws concerning the use of flax.

1935 also marked the only year that the Bank of Canada issued $25 bills and $500 bills. Pictured here is a $25 bill from 1935, courtesy of the Bank of Canada.

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There Are 2 Responses So Far. »

  1. Comment by Potato on 17 July 2008:

    What does Quebec have against flax/linen?

  2. Pingback by This and That # 101 on 17 July 2008:

    [...] If you are a trivia buff, you’ll like Preet’s post on the composition of Canadian dollar bills. [...]

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