Australia won't put King Charles on new $5 bill, instead opting for a design honoring Indigenous people

Australia's central bank announced on February 2, 2023 it will erase the British monarch from its banknotes, replacing the late Queen Elizabeth II's image on its $5 note with a design honouring Indigenous culture.

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• Australia won't feature King Charles on the country's new $5 bill, the Reserve Bank announced Thursday.
• The new bill will instead feature a design honoring Australia's Indigenous people. 
• Charles took the throne after his mother, Queen Elizabeth II, died in September.