Vendors need to develop such banknote paper that can resist dirt and moisture, thereby increasing the life and quality of the banknotes in circulation. But while the focus needs to be on bringing down the cost of printing banknotes, it cannot be done by compromising on security.
As Canada’s central bank, we play an important role in creating the conditions for opportunity for Canadians. And this must include meaningful opportunities for Indigenous peoples within Canada. So, taking concrete steps toward economic reconciliation is our responsibility too. And it’s incumbent upon us to take the time to do this well.