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What happened to the $1,000 bill in Canada?

The Bank of Canada has officially announced that the $1,000 bill, used primarily in organized crime, will be no more as of May 12. The government says the bills were widely used by drug dealers and money launderers as an easy way to transport large sums of cash.

Is this a Canadian 1000 bill?

If you have seen an actual Canadian 1000 bill, this is likely the version of the banknote you’ve seen. Queen Elizabeth II returns as the portrait of the banknote, which features a purple hue and Parliament’s Peace Tower with a Maple Leaf flying above it on the obverse.

Should a Canadian 1000 dollar bill be appraised?

However, rather than exchange your non-legal tender Canadian 1000 dollar bill for the same value from the Bank of Canada, you might want to get it appraised as some collectors may want to add your banknote to their collection and pay more than the Bank of Canada for it.

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