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20090128

S.A’s new R500 banknote has spelling error

 

South Africa’s  new R500 banknote is not exactly an inspiring example of financial excellence.

SA_Bank_Note_R500 back

Is South Africa heading down the slippery slope of Zimbabwe-style inflation?

First of all there’s the fact that such a high-denomination banknote is even needed – which indicates that SA also is heading for the out of control inflation seen in neighbouring Zimbabwe, which is now printing new paper money with increasingly higher denominations on a nearly monthly basis.

  Zimbabwe by January 2009, has printed banknotes of $1billion, $5billion, $10billion, $20billion, $50billion, $10trillion, $20trillion, $50trillion, $100 trillion

Rarely used banknotes are
$1, $5, $10, $20, $100, $500, $1 000, $10 000, $20 000, $50 000, $100 000, $500 000, $1 000 000, $10 000 000, $50 000 000, $100 000 000, $200 000 000, $500 000 000..

 YouTube link nl.youtube.com/watch?v=5GHfqfmPc2E

SPELLING MISTAKE ON SOUTH AFRICAN R500 BANKNOTE:

The South African R500 banknote is also headed for the files of collectors’ items with its jarring spelling mistake – an indication that the quality of education has also taken a nose-dive in South Africa.

How can financial institutions place any trust in a reserve bank where its staffers didn’t even spot this very simple spelling mistake?

How do you spell “Governor”, Tito?

What is the spelling of  “Governor” again, Reserve Bank ‘Governer’  Tito Mboweni? Or didn’t you notice that spelling mistake in your own title when you signed your name to that new printing plate? Or is this just the start of the South African version of Ebonics?

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