The Australian Monarchist League has strongly condemned the Reserve Bank of Australia's (RBA) announcement regarding the new theme for the five-dollar banknote, which confirms that King Charles' image will not appear on the new note. They argue that this move is part of the Albanese government's plan to promote a republic, aimed at gradually weakening the influence of the monarchy. This decision has sparked debate about the role of the monarchy in Australian society.
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03-20, 2025The Reserve Bank of Australia stated that the theme of the new five-dollar banknote is "connection to the nation." However, the Monarchist League firmly believes that as long as Australia remains a constitutional monarchy founded on the Crown, the monarch's image should appear on banknotes and coins. The League stated in a statement that the decision to remove the King's image is part of the Albanese government's republican agenda, only thwarted by the resounding defeat in the Indigenous Voice referendum, which they had always considered a prelude to a republican referendum. The league believes that the monarchy is essential to Australia's identity.
The Monarchist League believes that the Albanese government's covert promotion of republicanism indicates that if the public allows Albanese to govern again, especially in cooperation with the Greens, Australia is likely to move towards a republic. They also called for the Coalition to be ousted in the upcoming election, accusing them of being "republican accomplices." This highlights the strong political divisions surrounding the issue of Australia's future as a monarchy or a republic.
The Reserve Bank of Australia stated: "This time we will not be placing a portrait on the five-dollar banknote. We want to try something new. We want to look at what shapes us, what helps us grow." The final design of the new banknote has not yet been released. The chosen theme will "guide the creation of an artwork that celebrates and commemorates the culture of Australian Aboriginal and Torres Strait Islander peoples." This signifies a departure from traditional depictions on Australian currency.
It is understood that the theme was selected from more than 2,100 suggestions submitted by the public. This move marks a significant shift in Australian currency design, sparking discussions about national identity and the future political system. The new design reflects a desire to acknowledge and celebrate Indigenous Australian culture.
