News Desk |
The Reserve Bank of Australia is embroiled in the most embarrassing situation after a spelling mistake has been identified on currency notes circulating in the market, worth a staggering $2.3 billion.
The newest A$50 notes issued by Australia have made headlines across the world, attracting attention for a striking mistake as the Reserve Bank of Australia misspelled “responsibility” as “responsibilty” or not one or two-but millions of newly issued yellow notes.
Media reports reveal that this embarrassing typo error has occurred on 46 million newly issued yellow notes, which are now circulating in the market and being used by Australians. The Reserve Bank of Australia has accepted its mistake and confirmed the typo error on Thursday, stating that the mistake will be corrected in the notes printed in the future. A spokesperson from the RBA stated, “The Reserve Bank of Australia is aware of it and the spelling will be corrected at the next print run.”
This small excerpt from Cowan’s speech is quoted in two rows of texts, which are barely readable by the naked eye and appear more like a grassy background; hence it took a magnifying glass to identify this typing error.
The ameliorated newly issued $50 banknote was introduced back in October 2018 upon equipping them with certain security innovations that were designed to prevent counterfeiting and boost convenience. The note features Edith Cowan, Australia’s first female parliament member, on one side and David Unaipon, Australian writer and inventor, on the other.
The newly issued A$50 note is the most widely circulated currency note in Australia, and it is most commonly issued out by ATM machines. However, the misspelling of the word “responsibility” has ushered in a new challenge as 46 million yellow notes are now circulating with a typo error, creating confusion amongst the public on whether they are still useful.
Executives of the Reserve Bank of Australia had to face mortifying embarrassment while accepting that their newly released and widely publicized $50 note has been issued with a typing error. The Australian public did not manage to detect the typing error of “responsibility”, written in the extract taken from Edith Cowan’s first speech in 1921, for a period of seven months.
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The text notes, “I stand here today in the unique position of being the first woman in an Australian parliament. It is a great responsibilty to be the only woman here, and I want to emphasize the necessity which exists for other women being here,” where responsibility is missing an “i”. This small excerpt from Cowan’s speech is quoted in two rows of texts, which are barely readable by the naked eye and appear more like a grassy background; hence it took a magnifying glass to identify this typing error.
Now that nearly 46 million of these notes are in use across Australia, the Reserve Bank of Australia has announced that there are no plans to pull out the notes, and will remain in use.