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Australia announces decision to remove British monarchy from its banknotes

Australia has announced what is this new 5 dollar bill won’t feature picture of King Charles III and move what does phasing mean out of british monarchy on their banknotes.

Reserve Bank of Australia announced this is new design celebrating indigenous culture will replace the previous portrait of the late Queen Elizabeth II.

bank said that decision aimed at honoring “culture and history of First Australians.

“Another side of The 5 dollar bill will continue feature Australian parliament”, the bank said in a statement.

While the $5 bill currently Australia’s only banknote feature participant of British Monarchy, King Charles still set appear on coins that must have an image of British monarch.

“The monarch will still be on coins, but the $5 bill will say more about our history and our heritage and our country and I see it as good thing,” Treasurer Jim Chalmers told reporters. He said that bank note decision subsequent consultations with in government, which backed the change and said it provided “an opportunity to strike good balance”.

Queen Elizabeth death last year resumption of debate in Australia about future as a constitutional monarchy. Voters narrowly preferred to keep the British monarch as theirs head of state in referendum in 1999. decision also becomes the center of Australialeft Labor, work government pushes for referendum on the recognition of indigenous peoples people in constitution of the country and require consultations with them on decisions that affect their lives.

Australian authorities said that following Queen Elizabeth death what image of King Charles III will not automatically replace her. on 5-dollar bills and that Australian figurines can replace it. decision include her picture on 5 dollars dollar the note was about her personality, not her status as a monarch, they said at the time.

Leader of in main This was stated by the representative of the opposition Liberal Party Peter Dutton.move was “attack on society” and “woken up nonsense.”

“I AM know silent majority disagree with many of awakened nonsense that goes on but we need to hear more from those people online”, he said in an interview with 2GB Radio.

prime minister Anthony Albanese is a longtime Republican, but after death of Queen Elizabeth that it was “not the time” for debate on in role of monarchy in Australia. However, Mr. Dutton said that, in his opinion, decision the comments were politically motivated, and Mr. Albanese should “own up to that”,

last major change in fivedollar note was made on September 1, 2016 This featured picture of Queen Elizabeth II next in Australian yellow wattle plant, with House of Parliament on another side.

The Reserve Bank said it would hold consultations with Indigenous groups in development of the 5 Australian dollar banknote. It will take a number of years before design and print new banknote. current The $5 bill will continue to be issued until new design entered and will remain legal tender.

“It’s massive win for grassroots, first nations people who fought to decolonize this country,” Lydia Thorp, an MP for the opposition Green Party, tweeted. of Indigenous origin.

Additional agency reporting

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Adrian Ovalle
Adrian Ovalle
Adrian is working as the Editor at World Weekly News. He tries to provide our readers with the fastest news from all around the world before anywhere else.

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