Tehran (IP)- Australia’s Reserve Bank announced on Wednesday that a new design celebrating Indigenous culture will replace the previous portrait of the late Queen Elizabeth II.

Iran PressAsia:  While the $5 bill is currently Australia’s only banknote to feature a member of the British monarchy, the new $5 bill will not feature an image of King Charles III, “The other side of the $5 banknote will continue to feature the Australian parliament,” the bank’s statement said. 

The Reserve Bank of Australia stated in a statement that the decision was made after consultation with the government, which supported the change. 

Australia said last year that King Charles III's image would not automatically replace Queen Elizabeth on its $5 currency notes despite being the ceremonial head of state.

The bank also clarified that the current banknote will be issued indefinitely and will be usable even after the new banknote is issued.

The latest decision is another move by Prime Minister Anthony Albanese's government following his announcement last year to hold a referendum on constitutional changes and to recognize Indigenous people in the constitution. 


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