The design will honour the culture of the country’s Indigenous people instead. Read more at straitstimes.com.
in favour of a design that honours the culture of the country’s Indigenous people.
The new note will replace the portrait of the late Queen Elizabeth II with a tribute to the First Australians, rather than an image of King Charles III, the Reserve Bank said in a statement Thursday. The decision followed a consultation with the Federal government.that it wouldn’t use her son’s image on the new banknote. The note will take a number of years to be designed and printed, and will be in consultation with First Nations people.Australia still counts the monarch as its head of state.
A referendum in 1999 to become a republic was narrowly defeated, yet the debate has simmered as Australia’s stature as a regional power and globally significant economy has grown. Previous polls suggest the population is roughly split about breaking from Britain. Prime Minister Anthony Albanese has previously suggested he would like to see a national referendum on Australia becoming a republic during his time in office, making an Australian the head of state.The government has already announced the King’s profile will appear on Australian coins at some point in 2023. BLOOMBERG
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