Federal Budget Phases Out Older Paper Currency..Including $1000 Bill

In the new budget that was announced on Tuesday it has been announced that some paper currency will no longer be legal tender.

 

This includes the $500, $25, $2 and $1 bills.

 

Also on the list is the $1,000 bill.

 

You maybe asking how many $1000 bills are out there?

 

Apparently there are about 700,000 of them still in circulation across the country.

 

That is a lot of paper flying around.

 

It seems the $1000 bank note is still popular with organized crime as an easy way to transport cash.

 

If you happen to have any of these bills you will still be able to turn them in ad get their value.

 

 

Read More: http://www.huffingtonpost.ca/2018/02/28/canada-legal-tender_a_23373425/

Posted in All News, Announcer Blogs, Scotty Mars, The Feed Tagged with: , , ,

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