The face of King Charles III will not replace his mother’s face on the Australian five dollar note according to the RBA.
The RBA released a statement today explaining that Queen Elizabeth II would not be replaced with an image of King Charles.
According to the RBA, the note will instead “honour the culture and history of the First Australians".
The new note will instead feature two images – one of Parliament house and the other a custom design created by First Nation Elders.
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