Australia To Replace Queen Elizabeth's Image On Its Banknote

Australia's central bank has announced that 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. 
The decision to leave the late queen's successor Charles III off the $5 note means no Britain based monarch will remain on Australia's paper currency. 

"The other side of the $5 banknote will continue to feature the Australian parliament," the bank said in a statement. The $5 bill is Australia's only bank note to feature the monarch.

The Reserve Bank said that it would consult with Indigenous groups in designing the A$5 banknote. It will take a number of years to design and print the new banknote. Until then, the current note will continue to be issued.