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Australia’s government said on Thursday it would replace the British monarch on the $5 note with a First Australians design.File photo by Paul Mueller/EPA
February 2 (United Press International) — Australia announced on Thursday that the image of King Charles III will not appear on the redesign of its $5 note, the last Commonwealth note to feature the British monarchy.
The Reserve Bank of Australia said a statement It will replace Queen Elizabeth II’s portrait with a design that “respects the culture and history of the first Australians”.
The design of the new banknote will be decided in consultation with the country’s Aboriginal people, known as the First Australians, and will take several years to design and print, adding that the reverse side of the banknote will continue to feature the Australian Parliament.
“This decision by the Reserve Bank’s board was made after consultation with the Australian Government, which supports the change,” it said.
Jumbo Jim Chalmers told reporters during press conference The monarch will continue to appear on Australian coins.
“This decision … is an opportunity to get a good position here,” he said. “The monarch will still be on the coin, but the $5 note will say more about our history, our heritage and our country, and I think that’s a good thing.”
He said the new design would include First Australian designs rather than people.
The announcement follows the Queen’s death in September at the age of 96 after years as head of the Commonwealth of Nations, which includes 54 countries.
The Royal Australian Mint says it intends to reveal the design of the first King Charles III coins soon, with plans to release them by the end of the year.
“Of course, existing Australian legal tender coins bearing the Queen’s likeness will continue to circulate and remain legal tender forever,” it said in freed end of last year.
The last $5 note depicting the Queen issue September 1, 2016.
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