What Is The Role Of Paper Money In Canada

Back in the late 1600s in New France, paper money was officially being used in what is now Canada. The lack of coins available made it so colony officials find a different form of currency, and their solution was to use playing cards. These cards would be signed and cut a certain way to represent a certain denomination. Some of these playing cards even had a value of $10 This happens before Canada becomes an official country, which is great way to represent the bank note, because like New France, they are both base to great potential
Paper money was seen as a great way to keep money inside the colonies, and eventually country, and different forms were tried out until in the 19th century banks began to issue banknotes, and this form of currency