Monarchists Unveil Their Own Five-Dollar Note Design Amid RBA Plans to Drop Royal’s Image

An Australian monarchist group has labelled a move to remove the monarch from the $5 note as ‘neo-communism.’

The AML design for an alternative $5 note. Courtesy of AML

An Australian monarchist group has responded to plans by the Reserve Bank of Australia (RBA) to replace royalty on the $5 note by issuing its own draft design featuring King Charles.

In March, the RBA announced it would “honour the strong emotional, spiritual and physical connection of First Nations peoples to country” by incorporating Indigenous themes and would remove the image of the monarch.