Australia to Remove British Monarchs From Future Bank Notes

Video Credit: Wibbitz Top Stories
Published on February 3, 2023 - Duration: 01:31s

Australia to Remove British Monarchs From Future Bank Notes

Australia to Remove , British Monarchs , From Future Bank Notes.

Associated Press reports that Australia made the announcement on February 2.

Australia's central bank said that the new five dollar bill would feature an Indigenous design that will replace King Charles III.

However, AP reports that the king will continue to appear on coins that currently bear the image of the late Queen Elizabeth II.

Australia's five dollar bill was the nation's last remaining bank note to still feature the likeness of the British monarch.

According to Australia's Reserve Bank, the decision came after consultation with the center-left Labor Party government.


AP reports that opponents of the move claim it was politically motivated.

According to the central bank, the new five dollar bill will replace the portrait of the queen, who died last year, with an image that honors, “the culture and history of the First Australians.”.

The monarch will still be on the coins, but the $5 note will say more about our history and our heritage and our country, and I see that as a good thing, Jim Chalmers, Australian Treasurer, via Associated Press.

In 1999, Australians voted in a referendum proposed by the Labor government to keep the British monarch as Australia's head of state.

AP reports that Queen Elizabeth II appeared on at least 33 different currencies, more than any other monarch, at one time.

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💡 newsR Knowledge: Other News Mentions

Monarchy of the United Kingdom

Function and history of the British monarchy

Jim Chalmers

Australian politician

Central bank

Government body that manages currency and monetary policy

Labour Party (UK)

British political party
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Australian Labor Party

Federal political party in Australia

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