The new Museum’s first special exhibition
Unlike renovating a house, when we closed the Museum for its four-year re-invention, we couldn’t just “stay” at another museum until the water got turned back on. Or could we have? In fact, once the renovation was under way, that’s essentially what we did. Though we didn’t sleep on anybody’s couch, we did create a travelling exhibitions program to keep the virtual doors open while the actual doors were closed. We stayed at museums from Kitimat, B.C., to Gimli, MB, and from Timmins, ON, to Chicoutimi, QC, and we still have a few bookings available for 2019. Now that we are again back in our own house, we’ve invited one of our wandering exhibitions home for a visit: Decoding E-Money.
As the title suggests, this exhibition aims to remove the confusion about what exactly e‑money is. It’s important to make the distinction between what people think of as e‑money and what, in fact, it is. In a backgrounder on its website, the Bank of Canada defines e‑money as
…monetary value that is stored and transferred electronically through a variety of means—a mobile phone, tablet, contactless card (or smart card), computer hard drive or servers.
Despite their fully electronic environments, debit cards, e‑mail transfers and credit cards are not examples of e‑money. They are methods of payment that follow electronic pathways along which transaction information travels. It might be more helpful to imagine e-money as money that has been withdrawn from a bank account and stuffed into an envelope waiting to be spent. The “envelope” just happens to be an electronic device.
The version of e‑money we are most concerned with in this exhibition is cryptocurrency and, specifically, the ever-newsworthy Bitcoin. You can purchase it using your national currency, and it can be sold for currency, but in between it acts all by itself as a token of exchange that exists entirely online. Bitcoin doesn’t actually meet the criteria for a currency, but its underpinning technology, called the blockchain, is ground-breaking—a system that allows for secure transactions without third-party oversight. We studied it for you so that you can explore it too.
Like its mother museum, Decoding E‑money has a great number of interactive features. It is, fittingly, a very digital exhibition, with games, a timeline, videos and interpretive content all accessed using touch panels and computer consoles. The only significant part of the display that is not digital is the artifact zone, a breath of old-fashioned air in a very modern exhibition. Here, you will see money that was, in its day, as difficult for some to accept as digital currencies are today. To help visitors explore in-depth information about these artifacts, we provide you with a book, an appropriately low-tech medium.
So please drop by the Museum and check out Decoding E money. It will be in our special exhibitions space until May 6, 2018.
We here at the Currency Museum hope you had a fabulous holiday season. We know we did, though maybe a little too fabulous for some of us. As we crossed over into the New Year we had a chance to reflect on the year that had just passed. 2013 presented our team with some pretty big challenges and some tough goodbyes, but it also had some great new adventures and exciting new initiatives.
While visiting bigger institutions in Montréal, the museum planning team decided to drop into the McCord Museum and take a look at the ways they are using tablets and apps in their exhibition spaces.
During two trips to Montréal this past July, as part of our ongoing program of museum tours, the planning team visited the Montréal Museum of Archaeology and History at Pointe-à-Callière near the old city waterfront.
On 7 November, the Bank of Canada released the new five and ten dollar bills into circulation. I won’t say ‘released onto an unsuspecting public’ as the official introduction to the new bills took place last April in a big event in front of the former Museum featuring a live presentation by Chris Hadfield beamed from the International Space Station.
Twice this past July, members of the museum planning team took the train to Montréal to have a look at some of the excellent museums there.
For the first time since they went into their cases in 1980, over 2000 coins, notes, beads and shells are coming back out. The Museum’s curatorial staff are busily pulling panels from cases, placing coins into specially prepared drawers and sliding notes into acid-free Mylar envelopes.
The doors were barely closed following Big Top Farewell event before Chief Curator Paul Berry and his team began emptying display cases that had been sealed shut since 1980. The biggest task involved removing more than 2500 bank notes from the room we knew as Gallery 8.