Maharaja Charles III’s face will not appear on the five dollar note in Australia
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Australia is going to remove the symbol of the British monarchy from its notes. The country’s central bank announced on Thursday that the new five-dollar note will have a ‘design’ that reflects the country, instead of a picture of Britain’s King Charles III.
Australia is going to remove the symbol of the British monarchy from its notes. The country’s central bank announced on Thursday that the new five-dollar note will have a ‘design’ that reflects the country, instead of a picture of Britain’s King Charles III. However, the portrait of Maharaja Charles III is likely to continue to appear on coins. In Australia, only the five dollar note bears the stamp of the British monarchy.
The bank said the decision was taken after consultation with the government and the government has supported the change. On the other hand, the opposition parties have called this step politically motivated. The British monarch is still regarded as Australia’s head of state, although his role is now largely symbolic. The Reserve Bank of Australia has said that the new five dollar note will replace the portrait of Queen Elizabeth II with a different design. Queen Elizabeth II passed away last year.
The bank said the move would demonstrate respect for “the culture and history of Indigenous Australians”. “The reverse side of the $5 note will carry the image of the Australian Parliament as before,” the bank said in a statement. Treasurer Jim Chalmers said the change was an opportunity to strike a fine balance. “The monarchy will remain on the coins, but the five dollar note will reflect our history, our culture and our country,” he told reporters in Melbourne. I think this is a great step.
Leader of the Opposition Peter Dutton compared the move to changing the date of ‘Australia Day’ (National Day). He told ‘2GB Radio’ that a large number of people who are currently silent do not agree with this and such people will be seen expressing their views online. Dutton said the decision was primarily Prime Minister Anthony Albanese’s and he should take responsibility for it. The picture of Maharaja Charles III can be seen on the coins later this year. The value of one Australian dollar in US currency is approximately 71 cents.
Disclaimer:IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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