Australia will stop printing British monarchy on its currenc...| MENAFN.COM

Friday, 24 March 2023 12:06 GMT

Australia will stop printing British monarchy on its currency

(MENAFN) The late Queen Elizabeth II's picture on Australia's USD5 note is going to be removed off its currency, and a design reflecting Indigenous culture is going to take its place, the country's central bank announced on Thursday.

No monarch would be left on Australia's paper money if King Charles III, her son, was not included on the USD5 note. A new design that "honors the culture and history of the First Australians" is going to be the subject of consultation with Indigenous people, according to the Reserve Bank of Australia (RBA).

When Queen Elizabeth passed away on September 8 of last year, Australia had a national day of mourning, but some Indigenous organizations also demonstrated against the damaging effects of colonial Britain and demanded the removal of the monarchy.

Australia is a democracy with a constitutional monarchy under the leadership of King Charles III. In 1999, a referendum that called for the establishment of a republic was barely lost.

The central bank stated that Prime Minister Anthony Albanese's center-left Labor administration, which is in favor of a future transition to an Australian republic, endorsed their decision.


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