Australia announces decision to remove British monarchy from its banknotes

Australia announces decision to remove British monarchy from its banknotes

Daily Current Affairs   /   Australia announces decision to remove British monarchy from its banknotes

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Category : International Published on: February 04 2023

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  • Australia has announced that its new $5 bill will not feature the image of King Charles III, a move that signals a phasing out of the British monarchy on Australia's currency notes.
  • The new currency notes of the $5 would feature an Indigenous design rather than an image of King Charles III.
  • The other side of the note will continue to feature the Australian Parliament.
  • King Charles III is the head of state in Australia, New Zealand and 12 other Commonwealth territories outside the UK.
  • King Charles III becomes British monarch after the death of his mother in September.
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