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Attract more customers with a lower rate
According to the U.S. Currency Education Program, “between one-half to two-thirds of the value of all U.S. currency in circulation is outside of the U.S.” With the low value of the Canadian loonie, many Americans will vacation and shop across the border – a fact Canadian businesses embrace by accepting U.S. currency.
But how can you be sure the bill you are accepting is genuine?
Tips on how to tell genuine banknotes from the fake:
For a complete list of security features on U.S. bank notes, please visit the U.S. Currency Education program.
Note: All suspected counterfeit U.S. bank notes must be turned over to local police.