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Canada - Currency
The coins in circulation are issued by the Royal Canadian Mint and these come in denominations of 1 cent, 5 cents (also known as a nickel), 10 cents, (also known as a dime), 25 cents (also known as a quarter), 50 cents (these coins are rare), 1 dollar coin (known as a loonie) and the 2 dollar coin (also known as a twonie). The Bank of Canada issues the notes (or bills as they are also known) and they come in denominations of $5, $10, $20, $50, and $100. Each note is a different colour as is the practice in the UK and the Eurozone. As with most places, smaller shops may decline larger bills due to having little or no change and the higher risk of counterfeit money. It may be wise to exchange your larger notes for smaller denominations if you are planning on going shopping. If you have traveller’s cheques then you can request that these too are also changed for smaller notes.
The Canadian notes have a metallic patch in the upper corner. Authentic notes change colour when they are moved. The colour goes from green to gold when turned; the metallic patches on the forgeries usually do not have the same iridescence and remain gold coloured when moved. When held to the light an additional picture will appear next to the large coloured denomination number. This is a ghostly image the same as the face on the note you are looking at, for example the Queen or John A MacDonald. The $5 bill is blue, the $10 is purple, the $20 is green, the $50 is red and the $100 is brown. Each also has raised bumps at the top of the note.
Canadian currency, particularly coins will be accepted in many places in the US, particularly the northern states. The same way, US coins are accepted in many retail outlets in Canada. However, they are not subject to any exchange rate fluctuation and are classed as their face value. Retailers in Canada are in their legal right to not accept any currency as they see fit. If they decide not to accept US currency then this is perfectly legal. They can also refuse Canadian currency if they suspect the money used is a forgery.
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