This is because bank notes issued by the Bank of Canada typically remain functional money until they disintegrate. The bartender could simply place the bill in her cash register and then hand the man his change. The bartender pours him his drink and says, “That will be $6, please.” The man then slaps down a rather battered Canadian 1935 $25 bill. So what happens when that status is revoked? Old money still at workĪ man walks into a bar and orders a beer. “Legal tender” means a coin or bank note that has been declared by the government to be acceptable for all payments and purchases. ![]() ![]() Share this page by email When money loses its legal tender status
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