Australian $5 Note Redesign Won't Feature King Charles

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Author	Replies: 3 / Views: 1,326
coaster Pillar of the Community Australia 1364 Posts	Posted 02/01/2023 7:09 pm 'King Charles will not feature on Australia's $5 banknote following a decision by the Reserve Bank of Australia.' https://www.abc.net.au/news/2023-02...gn/101920798 Report this Post to the Staff

sel_69l Bedrock of the Community Australia 21786 Posts	Posted 02/02/2023 02:41 am Opinions re the appearance of Charles on $5 Notes doesn't matter all that much. Inflation in the foreseeable future will ensure that $5 notes will be replaced with $5 coins. Lizzie never appeared on the higher valued Notes anyway. Report this Post to the Staff
PoppyHunter New Member Australia 24 Posts	Posted 02/02/2023 09:06 am Have to say this is a sad turn of events in my opinion. We will see what lies ahead for the various political parties and their agendas. In the end, we are but one nation, by law, ruled by the Crown. Report this Post to the Staff
redlock Pillar of the Community Germany 992 Posts	Posted 02/02/2023 1:41 pm Quote: Inflation in the foreseeable future will ensure that $5 notes will be replaced with $5 coins. In my opinion, issuing a $5 will only happen if there is a total re-design (metal composition, size, perhaps motifs) of the current coinage. Frankly, I do not see that happen in Australia. In contrast to New Zealand, that ship has sailed some time ago. The time frame for a re-design has past. These days, it would probably cost more to change the coinage than it would save. (Same situation as getting rid of the $1 banknote in the USA and replace it with $1 coins). But perhaps, I am wrong...regarding Australia. Edited by redlock 02/02/2023 1:42 pm Report this Post to the Staff
	Replies: 3 / Views: 1,326

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