Australia's new $5 note will not feature King Charles
Australia's new $5 note will not feature Britain's King Charles, but a new design that honors the "culture and history of the first Australians", its central bank announced on Thursday.
The design will replace the portrait of Queen Elizabeth II, the Reserve Bank of Australia (RBA) said in a statement, adding that the decision was made after consultation with the Australian government.
The first Australians refers to the country's indigenous population, consisting of Aboriginal and Torres Islanders. Together they make up about 3.2% of the country's population of 25 million.
King Charles III will continue to feature on the coins, which are expected to be produced in the second half of this year.