Government backs Reserve Bank decision to replace Queen Elizabeth II’s portrait with design ‘honouring culture and history of First Australians’

King Charles III will not feature on Australia’s $5 note after a decision by the Reserve Bank to replace Queen Elizabeth II’s portrait with a design “that honours the culture and history of the First Australians”.

With the Australian government backing the decision, the move to balk at the presumed tradition of having Australia’s head of state on the note has already generated fierce debate.

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