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<p>[QUOTE=&quot;Legomaster1, post: 5294325, member: 101260&quot;]I heard about this. Just to clarify, they don&#039;t lose their value- they lose &quot;legal tender status&quot;, which is an entirely different thing. Private banks, as well as the bank of Canada will exchange them indefinitely. (Personally, I&#039;ve got no interest in swapping my Canadian 1 and 2 dollar bills. They&#039;re worth more than face anyways. I wish I had a 1000 though!)</p><p><br /></p><p>From Bank of Canada:</p><p>&quot;In short, removing legal tender status means that some older bank notes will no longer have the official status of being approved for payments of debt. Essentially, that means you may no longer be able to spend that 1935 $25 bank note to buy items at a store. But these bank notes will not lose their face value. If you have any of them, you will still be able to take them to your financial institution or send them to the Bank of Canada to redeem their value.&quot;</p><p><br /></p><p>The thing that actually loses value at the end of this year are Spanish peseta coins and notes, so if you&#039;ve got any, best to get those to the Banco de España as soon as possible and convert them into Euro.[/QUOTE]</p><p><br /></p>

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