Australia to remove British monarch from banknotes, says report

Australia plans to drop the head of the British royal family from its five-dollar banknote in favor of a design that honors the culture of the country’s Indigenous people.  

The new note will replace the portrait of the late Queen Elizabeth II with a tribute to the First Australians, rather than an image of King Charles III, the Reserve Bank said in a statement Thursday. 

The decision followed a consultation with the Federal government.

“The five-dollar note will say more about our history and our heritage and our country,” Treasurer Jim Chalmers told reporters in Melbourne on Thursday. “I see that as a