How they launder money in Canada
Top 3 interesting facts about Canadian dollars. Why is this money better and more profitable than other countries' currencies?
The Canadian dollar is one of the most stable currencies in the world. In various ratings (e.g. Remitr, CMC Markets) it ranks 10-11th in terms of stability. But this is not the only advantage that makes the Canadian dollar unique.
Canadian coins have their own names
First of all, this refers to $1 coins (loonie) and $2 coins (toonie). The name "loonie" is derived from "a loon," which means loon. This is the bird depicted on the reverse of the coin. The "loonie" is a combination of the words "two" and "loonie," that is, "double loonie.
The coins are practically the same size, but it's quite easy to tell them apart. While a tuni is perfectly round, a luni has 11 facets all around its circumference. In addition, a tuni is a two-color coin (the center is gold, the edges are silver), while a luni is entirely gold.
Of course, this does not mean that the coins are made of gold and silver. Different metals were used in the making of coins at different times. At first it was aluminum bronze and nickel. Then bronze was additionally coated with brass, and pure nickel was replaced by nickel-coated steel.
Canadian coins can be recycled
Canada mints more than 1 billion coins each year at its high-tech factory in Winnipeg, Manitoba. This process is quite costly. And to save money, the Royal Canadian Mint also recycles old coins. So if you live in Canada and have your own pile where you keep your change, you'd better get it out and put it to good use. With this simple act, you will also help to save nature and Canadian resources.
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