Canadian contract for Securency

Securency may have identified a rare customer in a major market for its plastic bank notes. Canada's government has decided to reissue $10 and $20 notes in plastic rather than paper next year.

While the Canadian government and its currency managers won't identify the supplier, Canadian newspapers are reporting (and maybe assuming) that Securency is the supplier.

The Reserve Bank of Australia owns half of Securency through Note Printing Australia.

Landing a major OECD note issuer as a customer, and for high circulation denominations, is a minor milestone for the business that has found such contracts hard to win over the years.

It will also serve as an antidote to a year of negative press (widely referenced in Canadian media, and sourced from The Age newspaper in Australia) over allegations of bribery by Securency sales agents in emerging markets.