Sydney, Australia-February 2, 2023
The British central bank announced

That the portraits of the Kings of Britain will disappear from the banknotes of Australia, the five-dollar denomination of which will carry a fee honoring indigenous culture
The decision not to put the image of King Charles III on the five-dollar banknote means that Australian banknotes will gradually no longer bear the image of any British monarch. But the central bank did not give any details regarding the portrait of the late Queen Elizabeth II, which appears on some coins in circulation
Australia is a member of the Commonwealth and its official head of State is King Charles III, represented by a governor-general. Upon the death of Elizabeth II, a national day of mourning was declared on the eighth of September
But some Indigenous groups condemn the destructive consequences of British colonization and call for the abolition of the monarchy. And in 1999, a referendum on this issue saw the defeat of the Republicans by a narrow margin
The central bank said that its decision is supported by the government of the Labor party (center-left), led by Anthony Albanese and favoring a possible transition to an Australian republic
The Reserve Bank of Australia confirmed that Aborigines will be consulted on a new design, "honoring the culture and history of the first Australians," explaining that the design and printing of the new banknote will take "years."
Until this is achieved, banknotes with the image of the late Queen in circulation will remain legal. The "Australian republican movement" praised the decision to remove portraits of monarchs, noting that Indigenous Peoples preceded British colonization by 65 thousand years