150 Cents - 150th Anniversary of Granby Quebec

Granby, Quebec issued this 150-cent denomination note in 2009 to mark the city's sesquicentennial — the face value itself being the commemorative device rather than any practical monetary unit. Municipal scrip of this kind occupies an odd legal space in Canada; it functions as a gift certificate or local currency redeemable within the issuing municipality rather than as a Bank of Canada instrument, and issuers have periodically run into regulatory friction over the practice.

The 150-cent denomination has no precedent in Canadian federal coinage or notes, which was entirely the point.