The Canadian Dollar: Flax Free Since 1983

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.

Preet Banerjee
Preet Banerjee an independent consultant to the financial services industry and a personal finance commentator. You can learn more about Preet at his personal website and you can click here to follow him on Twitter.
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  • Potato

    What does Quebec have against flax/linen?

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