Is retired money still legal tender?

Question

Are bills and coins still legal to use even after they are retired? Such as the Canadian two dollar bill, its been retired for awhile now, replaced by the two dollar coin (the Toonie). I'm wondering if the two dollar bill would be still legal to use at a store.

At what point would a store stop accepting retired money. And at what point would the bank stop exchanging the retired money for the current form?

Answer 1

you might get a clerk who doesnt accept it, from ignorance, and if the government changes like under a new dictator or something it might be worthless, but with an established country they should still be legal tender. There was a story of some guy in germany who was flushing all the old marks down the toilet cause he thought they were no good now that the euro was the new currency. If i were you and had any question about it id take it to a bank instead of flushing it.