Brisbane
CNN
—
Australia’s
Australia’s new $5 note will not feature Britain’s King Charles III, but rather a new design that honors “the culture and history of early Australians”, its central bank announced on Thursday.
The design will replace the portrait of Her Majesty Queen Elizabeth II, the Reserve Bank of Australia (RBA) said in a statement, adding that the decision was made after consultation with the Australian government.
The bank will consult First Australians in the design of the $5 bill, which could take several years to issue, he added.
Early Australians refer to the country’s indigenous population, or First Nations people, made up of Aboriginal and Torres Strait Islander people, descendants of the world’s oldest continuous culture who have occupied the continent for over 65,000 years. . Together, they make up about 3.2% of the country’s population of 25 million.
Meanwhile, the current $5 note will continue to circulate and be legal tender even after the introduction of the new banknote, according to the RBA. Officials also said existing coins bearing the likeness of the Queen would remain legal “forever”.
King Charles III will continue to feature on the coins, which the Royal Australian Mint is expected to start producing “in the second half of this year”, Andrew Leigh, the deputy minister for competition, charities and the treasury, told ABC Radio in an interview.
The Mint said it plans to unveil the design of the first King Charles coins early this year.
Billions of banknotes and coins around the world bearing the portrait of Queen Elizabeth II are being replaced after her death last September.
The Queen’s image is inscribed on some banknotes and coins across the Commonwealth – an association of 54 countries, almost all of which were once colonized by the UK.
In Australia, the Queen’s portrait “has been depicted in every series of Australian banknotes since her coronation”, for seven decades, according to the RBA.
CNN
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CNN reporter predicts what we’ll see of King Charles
– CNN’s Anna Cooban and Angus Watson contributed to this report.
