Australia to remove British monarch from banknotes
SYDNEY – Australia will remove 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 central bank said Thursday.
The decision to leave her successor King Charles III off the $5 note means no monarch would remain on Australia’s paper currency.
The Reserve Bank of Australia (RBA) said it would consult Indigenous people on a new design that “honours the culture and history of the First Australians”.
Queen Elizabeth’s death on September 8 last year was marked by public mourning in Australia, but some Indigenous groups also protested against the destructive impact of colonial Britain, calling for the abolition of the monarchy.