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Old Canadian series notes can be exchanged at Canadian banks for current series Canadian notes. They still retain their face value as long as they are not overly damaged.

In the U.S. - Most Bank of America will take Canadian notes. Some may have fees involved to transfer it to CAD to USD.

Or you can sell them on online auction sites like eBay to people who are going to Canada.

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Q: How can you exchange old Canadian dollars?
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