Australia’s central bank has taken responsibility for overlooking a typographical error that should have been corrected before it allowed the printing and circulation of millions of $50-denominated Australian dollar banknotes.
The clearly embarrassing typo came to fore on Thursday after a radio listener sent the Triple M channel a magnified photo of the $50 AUD note circulated the country’s central bank- the Reserve Bank of Australia (RBA).
The photo highlighted the goof, which was ironically in the word “responsibility.” As shown in the image, the word is wrongly spelled as “responsibilty” thrice.
According to the banking regulator, the A$50 banknote is the most commonly used and thus widely circulated currency in the country. At the moment, the note’s total circulation value accounts for almost half that of other RBA issued banknotes.
The notes in question were first circulated on October 18, 2018, and came with purported new security features that make it hard for counterfeiters. They also sport tactile elements designed to make it easy for use by the visually impaired.
One striking feature of the notes is the head-shot of Edith Cowan, the first woman to be elected legislator in Australia and who served from 1921 to 1924.
The banknote has part of Cowan’s maiden speech made to parliamentarians in Western Australia, and which features with the word “responsibilty.”
The Reserve bank’s spokeswoman released a statement via email, noting the typing error and clarifying that it will correct the typo when it next issues new bank notes.
The RBA’s latest annual report indicates that the country’s central bank-affiliated printing subsidiary was able to release up to 227 million Australian dollar banknotes. Those figures, which correspond to the 2017/18 year, included about 184 million notes denominated in A$50.
It is some of these that have turned out to contain a typing goof, but the central bank is yet to release a statement on the total number of new notes in the A$50 series that have the error and if it planned to withdraw them.