Australia to replace Queen Elizabeth's image from banknotes

Fast NewsNew Indigenous design will replace previous portrait of late Queen Elizabeth II to honour "culture and history of First Australians," says Australia's Reserve Bank. Move is hailed by nation's republican movement, which noted Indigenous people predated British settlement by 65,000 years. (Reuters Archive)Australia's central bank has announced it will erase the British monarch from its banknotes, replacing the late Queen Elizabeth II's image on its $5 note with a design honouring Indigenous culture. The $5 bill is Australia's only bank note to feature the monarch. The bank plans to consult with Indigenous groups in designing the $5 note and expects years before it goes public.