In an effort to honor the history of the first Australians, the reserve bank has removed the portrait picture of King Charles from the $5 note. The reserve bank of Australia said that the note will be redesigned after consultations with the Federal government.
Honoring The History & Culture
The reserved bank has decided to redesign the bank note after the death of Queen Elizabeth II. The portrait of Queen appeared on the note for the first time in 1992 when she was celebrating her 40th anniversary of her accession. The decision was aimed at honoring “the culture and history of the First Australians,” the statement of RBA wrote. However, the new design will take several years to be in circulation in the country.
Decision Prompts opposition
With all its glitters and optimism, the decision was badly criticized by the opposition. The opposition suggested featuring the blend of both the indigenous and the monarchic elements would have been much better. Another opposition leader Peter Dutton said that the decision is an “attack on our systems, our society and institutions”.