Australia to Remove Queen Elizabeth from Currency Notes

Australia will remove the portrait of Queen Elizabeth II from the Australian $5 currency note. In place of the late British queen, a new design will be used to reflect and honour the history of Australia’s Indigenous culture. This was announced by Australia’s central bank on Thursday.

This decision of the Reserve Bank of Australia was supported by Australia’s federal government. Queen Elizabeth’s death last year has reignited debates in Australia about its future as a constitutional monarchy.

Australia in September 2022 said the image of King Charles would not automatically replace Queen Elizabeth on A$5 notes, and that she might be replaced by Australian figures.

The Reserve Bank of Australia said it would consult with Indigenous groups in designing the new A$5 banknote. Till the new design comes up, the current note will continue to be issued.