Australia's A$50 note misspells responsibility

Australian Dollar vs US Dollar Daily Chart

They rolled out a new $50 banknote in October a year ago that not only contains fancy polymer technology which prevents counterfeiting, but also features Australia's first female member of parliament, Edith Cowan.

What looks like a lawn in the background of her portrait is actually rows of text - a quotation from her first speech to parliament.

An embarrassing spelling mistake has been spotted on the new Australian $50 note. The yellow and green note, which is worth around US$35, came into circulation last October.

$50 note with "responsibility" misspelt.

The Reserve Bank of Australia has confirmed that there's a typo on country's $50 note on Thursday costing the exchequer $2.3 billion.

It took seven months for the public to notice "responsibility" was repeatedly misspelt in the text of Cowan's 1921 maiden speech. "It does not affect their validity and functionality in any way", a Reserve Bank of Australia spokeswoman said in a statement to CNN.

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It's yet to be established if the entire print of the AU$50 note contained the typo.

"It is a great responsibility to be the only woman here, and I want to emphasise the necessity which exists for other women being here", is repeated several times over in microscopic print.

Mr Crellin had a word of advice for those thinking of hoarding the $50 notes in the hope they may increase in value over time.

A misspelling has been found on a new series of banknotes in Australia.

That is less likely in the case of Australia's erroneous 50-dollar bills, given that there are more notes in circulation than the country of nearly 25 million has citizens.

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