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Bank of Canada’s Response

The following is the response I received ?- I sent another brief email requesting clarity:

Dear Leon Apel:

Thank you for your email of 7 July 2010. I will respond to your questions in order.

We do not provide a public database of all Bank of Canada bank note serial numbers to the public. Given the complexities of the printing process, and for security reasons, the Bank of Canada does not report bank note serial numbers on its website. The Bank only provides the first and last prefix in a range of serial numbers as public information. A last serial number will always be provided with the next first serial number, whenever there is a change in bank note design or signature combinations (Birds of Canada and Canadian Journey series only), and a change in the year of production (Canadian Journey series only). It’s important to note that not all notes printed in the ranges of serial numbers necessarily go into circulation. Attached is a list of the available serial numbers.

The external auditors audit the Bank’s annual financial statements. Their reports are sent to the Minister of Finance, and the professional opinion they express on the Bank’s financial statements forms a part of those statements and is presented in the Bank?s Annual Report. Please see the Financial Statements which is part of the Annual Report. (http://www.bankofcanada.ca/en/annual/2009/ar2009.html)

We publish comprehensive data on Canadian money supply in our weekly and monthly financial statistics packages which are available on our website at the following addresses:

http://www.bankofcanada.ca/en/wfsgen.html

http://www.bankofcanada.ca/en/bfsgen.html

Bank notes remain an important method of payment and store of value in the Canadian economy. (See Bank of Canada Review article on this subject:http://www.bankofcanada.ca/en/review/spring06/taylor.pdf)

The main attributes of cash, namely, convenience, broad acceptance, and public confidence, explain why bank notes continue to be used by Canadians. Nevertheless, the payment environment is evolving. The growing use of credit cards and, particularly, debit cards has had an impact on cash usage at the point of sale (POS). As well, emerging payment technologies offered by financial or non-financial institutions will likely broaden consumer payment choices in the future. However, it is important to note that all forms of payment are subject to criminal activity, such as fraud.

In regards to your question regarding government spending, you may wish to contact the Department of Finance Canada or Treasury Board (Canada).

And for your last question regarding the federal government, please contact the Department of Finance Canada at (613) 992-1573 or you may wish to visit their website at the following address: http://www.fin.gc.ca/.

Attachment to the email: http://www.2shared.com/document/3xFN-NR_/Signature_Change__Serial_Numbe.html

By Leon Apel

Leon Apel works virtually with talented team members from North America, Europe and Asia on projects designed to improve life on earth.

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