Australia will erase the British-based monarch from its banknotes, replacing the late Queen Elizabeth II's image on its $5 note with a design honouring Indigenous culture, the central bank said Thursday.
Queen Elizabeth's death on September 8 last year was marked by public mourning in Australia, but some Indigenous groups also protested the destructive impact of colonial Britain at the time, calling for the abolition of the monarchy. The new banknote would take"a number of years" to be designed and printed, it said, with the existing $5 note remaining legal tender even after the new design is in people's hands.The RBA's move was hailed by the nation's republican movement, which noted that Indigenous people predated British settlement by 65,000 years.
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