Expensive Mistake: Notes worth $1.6 Billion Printed with a Typo in Australia

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Australia’s billion-dollar mistake. 

The Australian currency has printed 400 million notes for use with a noticeable typo in which the word responsibility has been misspelt as ‘responsibilty’. The banknote features references from the Edith Cowan, the country’s first female Parliamentarian and her speech to the Western Australian Parliament.  

Over 46 million notes which have been printed with the error are in circulation and have a cumulative worth of $1.6 billion (£1.2 billion). The Reserve Bank of Australia (RBA) has introduced additional security features to the currency notes; it included a holographic number 50, which changed into a flying swan when moved.  

The finer details on notes are rarely paid attention to, resulting in the error being unnoticed for over six months. A central bank representative stated, “These banknotes are legal tender and can continue to be used as normal. It does not affect their validity and functionality in any way,” therefore confirming that such mistakes will not happen again in the future; however, these notes are still valid. 

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