‘No One Died’: Australia Central Bank Officials Relaxed About New Banknote Typo

Australian central bank chief Philip Lowe was “relatively relaxed” about an error on the nation’s new A$50 note that was repeated four hundred million times, according to internal correspondence released under a Freedom of Information request.

“I spoke to Phil about this,” Chris Aylmer, head of risk and compliance at the Reserve Bank of Australia, said in a Dec. 21 email, referring to Lowe. “He was relatively relaxed -- the functionality of the note has not changed and it is still legal tender,” he said, adding that the printer of the currency, Note Printing Australia, nonetheless needs to review the text approval process.