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Re: AUD news

51 by vvFish
mlawson71 wrote: Tue Jun 04, 2019 12:21 am Last October the Reserve Bank of Australia (RBA) set in circulation more than 46 million $50 currency notes with an insignificant misspelling, but monumental in sheer scope. The value of the misprinted notes is said to be over $2.3 billion AUD, or $1.58 billion USD. Never before has a spelling mistake cost more than now. This is the first time in the history of the RBA that a monetary bill has been issued for public circulation with a misprint, that reoccurs not once but thrice on each of the 46 million bills.

It’s only ironic that the misspelled word is none other than “responsibility” which the imprint has penned thusly: “RESPONSIBILTY”. :facepalm:
:facepalm: :facepalm: :facepalm:
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Re: AUD news

55 by mlawson71
For the first nine months of 2019 traders in Australia have lost over 33 million USD in investment scams, the latest data of the Australian Competition and Consumer Commission (ACCC) reveals.

The losses suffered by Australian investors have increased by 16.4% compared to the AU$41.97 million ($28.41 million) lost in 2018 as a whole.

The AU$48.85 million ($33.0 million) lost for the first nine months of the year are in connection to some 4331 reports, of which 41.2% involved financial loses.

In 2018 the ACCC received 4864 complaints, with only 27.6% of them involving financial loss.


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