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Extraordinary change announced for Australia’s $5 note with the Royal Family DISAPPEARING from currency as what will replace them is revealed: ‘Off with his head!’:
- King Charles III won’t replace late Queen on $5 note
- New design of banknote will honour First Australians
The Reserve Bank will update the $5 banknote to feature a new design that honours the culture and history of Indigenous Australians – instead of King Charles.
The new design will replace the portrait of Her Majesty Queen Elizabeth II that has long been on Australia’s currency.
The other side of the banknote will continue to feature the Australian Parliament.
The surprise decision to not replace the late Queen with King Charles III follows consultation with the federal government, which supported the change.
The Reserve Bank board will now consult with First Australians in designing the new $5 banknote.
The new banknote will take a number of years to be designed and printed.
The current $5 banknote will continue to be issued and will still be able to be used even after the new banknote is introduced.
Aussies previously called for late national icon Steve Irwin to replace the Queen on the $5 note instead of King Charles III.
Her death after 70 years on the throne heralded a raft of changes for Australia, including the introduction of bank notes and coins emblazoned with the new King’s face.
King Charles III will not feature on Australia’s new $5 note (pictured is a mocked-up $5 note featuring King Charles)
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