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Australia will not print King Charles III on $5 bill, removing monarchy from banknotes
Queen Elizabeth II’s impact on the financial community
FOX Business’ Neil Cavuto and Ashley Webster discuss Queen Elizabeth II’s impact on the country’s finances.
Australia's central bank announced Thursday it will be replacing the image on the $5 bill with an Indigenous design instead of a portrait of King Charles III following the transition from currency featuring the late Queen Elizabeth II.
The decision will completely remove the firm from the country's banknotes as the $5 bill was the last remaining bill featuring the monarch, though the king will still be featured on coins.
The bank said the move was made after consulting the government, which was in support of the change, according to the Associated Press.
Opponents believe the decision is politically motivated.
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