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RBA announces redesign of $5 note, drops portrait of monarch

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Article image for RBA announces redesign of $5 note, drops portrait of monarch

The $5 note will be redesigned to replace the portrait of Queen Elizabeth II with a design that honours “the culture and history of the First Australians”.

The Reserve Bank Board announced the decision this morning, following consultation with the federal government.

“Now, you can believe whatever you like, but I have no doubt that the Prime Minister and members of his government have directed the Reserve Bank to get rid of King Charles,” Ray Hadley said.

Press PLAY below to hear more 

It will be a number of years until the new note enters circulation.

 

Image: Getty

 

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