‘Off with his head!’: Extraordinary change announced for Australia’s $5 note and the Royal Family will no longer be featured – here’s what will replace them
The Reserve Bank has decided to update the $5 banknote to feature a new design that honours the culture and history of the First Australians.
This new design will replace the portrait of Her Majesty Queen Elizabeth II. The other side of the $5 banknote will continue to feature the Australian Parliament.
This decision by the Reserve Bank Board follows consultation with the Australian Government, which supports this change.
The Bank will consult with First Australians in designing the $5 banknote. The new banknote will take a number of years to be designed and printed. In the meantime, the current $5 banknote will continue to be issued. It will be able to be used even after the new banknote is issued.
King Charles will not feature on Australia’s $5 note (pictured is a mocked-up $5 note featuring King Charles)
Read more at DailyMail.co.uk