Currency round-up: Charles III causes controversy

Australian government drove decision to drop UK monarch from notes, as ECCB weighs its options

King Charles III
King Charles III
UK government

Australia: Correspondence shows that the Australian government may have been decisive in the removal of the monarch’s image from new A$5 banknotes.

The Reserve Bank of Australia announced on February 2 that it would not replace Queen Elizabeth II’s image on the A$5 bill with that of King Charles III. Instead, the new notes would feature a design honouring Indigenous Australians.

According to letters published under a freedom of information request, the RBA governor sought “the Australian

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