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Royal Family to Be Ditched From Australia’s Five-Dollar Note
Posted
February 2, 2023
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February 2, 2023
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0:09Now PlayingAustralia plans to drop the head of the British royal family from its five-dollar banknote in favor of a design that honors the culture of the country’s Indigenous people.
The new note will replace the portrait of the late Queen Elizabeth II with a tribute to the First Australians, rather than an image of King Charles III, the Reserve Bank said in a statement Thursday. The decision followed a consultation with the Federal government.
“The five-dollar note will say more about our history and our heritage and our country,” Treasurer Jim Chalmers told reporters in Melbourne on Thursday. “I see that as a good thing.”
The government had already hinted last September, shortly after the Queen’s death, that it wouldn’t use her son’s image on the new banknote. The note will take a number of years to be designed and printed, and will be in consultation with First Nations people.
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