Reserve Bank letters reveal decisions behind dropping King Charles from $5 note

  • 📰 abcnews
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 83%

Australia Headlines News

Australia Latest News,Australia Headlines

Letters from the Reserve Bank to some of the government's most senior ministers have shed light on this week's decision not to show the monarch on Australia's $5 note.

abc.net.au/news/letters-from-reserve-bank-reveal-decisions-behind-5-note/101930380Letters from the Reserve Bank to some of the government's most senior ministers have shed light on this week's decision not to feature King Charles III on Australia's $5 note.

The central bank announced on Thursday it will replace the monarch with a new design which "honours the culture and history of the First Australians". In his letter to the treasurer, Dr Lowe asked if it was the government's view whether the monarch should continue to feature on the $5 note. "Accordingly, I am seeking the Australian government's view on whether or not a portrait of King Charles lll should replace that of Queen Elizabeth ll.""Of these two options presented by the bank, the government would be comfortable with a new design that honours the culture and history of First Australians, assuming a proper process for inclusive consultation is undertaken," the letter reads.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Haven't seen a dollar bill in ages do people still use them?

Yep whatever you say.

I wonder how long before $5 note will be converted to a coin.

A decision to be fully expected from today’s woke elites. Let’s celebrate indigenous history and culture whilst completely ignoring the many other cultures that make up modern Australia. We now celebrate monoculturalism in place of multiculturalism. auspol

This is a commonwealth country the king is our head of state. No respect but instead pandering to the people currently destroying northern Australia

The reserve bank suck for taking sides, they could’ve gone neutral.

With 60,000 years of history, lets see how far back they go to pick a Indigenous Australian.

Unelected technocrats deciding our future?

Prob wont be monarchies after The Great Reset Getting clearer now? Physical cash days are numbered

They shouldn’t take the Queen off the note! She was our monarch for the longest! We don’t need more indigenous on our money, we should have something to illustrate multiculturalism or good prime minsters, like Gough, Bob or James Cook who put Australia on the map!

🙄🙄🙄🙄🙄seriously do they think we are that stupid this is not about first nations people but the republican debate! i give it ten years if Aussie goes republic and they have all the important politicians on a note and coins! remember they are the special ones not us!

Good… only Australians should be on Aussie notes, personally I couldn’t care less about the royals

Steve Irwin deserves to be on one of the notes for all he did and continues to do in death for the environment. Our wildlife deserves the rest.

And no one appointed themselves to the treasury portfolio, Angus Taylor didn't skim $80 million worth of $5 notes. Just a polite exchange and we live happily ever after. Like adults. Sidenote: Does anyone believe Charles III gives a crap?

Better already

They should give 'Made in China' a go... Inclusivity and all.🖖😉

Technically... King Charles was never dropped as he was never on the note to begin with, that was his mother.

Lowe thought the government wanted to sack him, so he gave them the indigenous option to curry favour, but it won’t save him.

King Billy Coke Bottle on the new fiver

Will there be notes released recognising the othere 97% of Australian's?

It’s because he’s ugly right?

Who made the decision?

His ugly mug would reduce the value?

Charlie is not worth $5?

Lowe should put the LEADER of our country on the note!!!!!

Disappointing.

Gee this’ll be interesting 😉

Couldn't care less who's on the note, Haven't used cash for years, its all digital nowadays, Also I couldn't name not 1 person on any of the other notes, so really who cares

I'm guessing it's not because f*** the monarchy

Seems small-minded that it has to be either/or. Why not have King Charles and an indigenous design motif? Are we trying to pretend we don't have deep and abiding ties to Great Britain?

WHY ISN'T MEGHAN BEING FEATURED ON THIS NOTE? She has breathed a NEW LIFE into the old royal family and she needs to be RECOGNIZED. What better way than the new Australian Note? WHY IS MEGHAN BEING EXCLUDED racist racism

Just put Bluey, Bandit, Bingo and Chily on all the notes. Solved.

Get a life ABC

Given the government has appointed a Minister Delegate for the Republic, the RBA would be fully cognisant on the governments position on the monarchy and the question and hence the Treasurers response should not come as a surprise to anyone.

I think a great five-dollar bank note, true to the Aussie character and way would be a plain white note with the word on it: 'I owe you five dollars mate.'

Political interests, we know.

Because they don’t want to have to print a new note, they aren’t stupid they know the republic referendum is coming.

Maybe put a tinnie there... Can't get any more cultural as that.🍺😎👍

Weak as piss. If only the Libs would clear out these useless bureaucrats rather than keeping them there when they are in office.

Cashless life means i live easy and don’t have to worry about these kind of things 💫

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in AU

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

King Charles not to replace Queen Elizabeth II on Australia’s new $5 noteThe Reserve Bank and the Albanese Government will not replace Queen Elizabeth II with King Charles III on Australia's new $5 note. The Central Bank has decided to instead design a new note that prioritises the culture and history of First Australians. The RBA consulted the Albanese Government on the decision to dump King Charles from the new note design, and Labor backed the decision. garbage virtue signaling It’s ok the King has gone digital Um,I want the “KING ON MY 5”
Source: SkyNewsAust - 🏆 7. / 78 Read more »

King Charles won’t be on our next $5 noteAfter consulting with the federal government, the Reserve Bank of Australia decided against including the new monarch on our next $5 note. One of a series of moves to remove the British monarchy from Australia. Anyone would think there is a conspiracy to remove absolutely all symbols of our Constitutional Monarchy.
Source: theage - 🏆 8. / 77 Read more »

King Charles won’t be on our next $5 noteAfter consulting with the federal government, the Reserve Bank of Australia decided against including the new monarch on our next $5 note.
Source: smh - 🏆 6. / 80 Read more »

New $5 note will not feature King Charles IIIThe Decision comes from the Reserve Bank of Australia in "honor the culture and history of the First Australians" on the five-dollar bill. After Penny Wong's insult yesterday they probably don't want it on there either it doesn't even look like her!!!!! Who cares, I don't think the king does either.
Source: 9NewsAUS - 🏆 10. / 72 Read more »

King Charles snubbed as Australian $5 note gets royal redesignKing Charles won't be replacing the late Queen on the new $5 note, after the Reserve Bank decides to honour First Nations culture instead. Put emus on them. They are making a comeback. They’ve been seen again next to the Hume hwy. It's not a snub- its another valid choice. and boy is it triggering the RWFWs
Source: abcnews - 🏆 5. / 83 Read more »

New $5 note will not feature King Charles IIIThe new $5 note replacing the image of Queen Elizabeth II will not feature King Charles III. The Reserve Bank of Australia said it will instead 'honour the culture and history of the First Australians' on the $5 bill,. READ MORE: 9News Great idea Put sir Robert Menzies Absolutely right decision!!! Charles is a clown only. AU will be fully independent to get rid of UK Commonwealth. 🇦🇺🌏🇦🇺
Source: 9NewsAUS - 🏆 10. / 72 Read more »