The Reserve Bank of Australia has announced that the new version of the 5 yuan banknote will use Australia's native Aboriginal culture in the future.

(Bloomberg)

[Instant News/Comprehensive Report] With the death of the former British Queen Elizabeth II (Queen Elizabeth II) on September 8, 2022, Australian republicans and a large number of people demanded the removal of the monarchy.

The Reserve Bank of Australia (Reserve Bank of Australia) announced yesterday (2nd) that the portrait of the late Queen of England will be removed from the new version of the 5 yuan banknote in the future, and the current British monarch Charles III will not be replaced. Indigenous aboriginal culture as design.

According to "CNN" reports, the Reserve Bank of Australia, after consultation with the authorities, decided that the future new version of the Australian dollar 5-dollar banknote will not be included in the portrait of King Charles, but will be replaced by the aboriginal culture and culture of the "First Australians" (First Australians). Designed with historical elements, it is estimated that it will take several years to be officially released.

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In response, the Reserve Bank of Australia said Queen Elizabeth II's likeness continued to appear on every series of Australian banknotes during her 70-year reign.

Coins currently bearing Queen Elizabeth's portrait will retain legal tender status "forever" and continue to circulate.

Deputy Treasury Minister Andrew (Andrew Leigh) also stated that the Royal Australian Mint will start manufacturing in the second half of the year and continue to use the "coin" of King Charles III's head. It is expected that the design of Charles' head will be announced at the beginning of the year.

It is understood that the appearance of members of the British royal family in Australian currency can be traced back to the Australian pound era between 1910 and 1966.