Letters Explaining Australia’s $5 Note Shock Decision Released

Letters Explaining Australia’s $5 Note Shock Decision Released
This photo illustration taken in Hong Kong on Feb. 2, 2023 shows the Australian $5 banknote. Mladen Antonov/AFP via Getty Images
AAP
By AAP
Updated:

Letters from the Reserve Bank to some of government’s most senior ministers about a decision to scrap the image of the late Queen from Australia’s $5 note can be revealed.

King Charles III won’t feature on the note, with the central bank announcing on Thursday it will replace the monarch with a new design which “honours the culture and history of the First Australians”.