February 21, 2024

Australia: The Australian government may have played a decisive role in removing the image of the monarch from the new $5 banknote, correspondence suggests.

The Reserve Bank of Australia announced on February 2 that it would not replace the portrait of Queen Elizabeth II on the $5 banknote with that of King Charles III. Instead, the new banknotes will feature designs honoring Aboriginal Australians.

According to letters published under a freedom of information request, the RBA governor sought “Australian