ND24 Web Desk | Published : 2023-02-02
Australia's central bank has announced that it will erase the British monarch from its banknotes, replacing the late Queen Elizabeth II's image on its $5 note with a design honouring Indigenous culture. The decision to leave the late queen's successor Charles III off the $5 note means no Britain based monarch will remain on Australia's paper currency.
"The other side of the $5 banknote will continue to feature the Australian parliament," the bank said in a statement. The $5 bill is Australia's only bank note to feature the monarch.
The Reserve Bank said that it would consult with Indigenous groups in designing the A$5 banknote. It will take a number of years to design and print the new banknote. Until then, the current note will continue to be issued.
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