King Charles III in front of Buckingham Palace the day after Queen Elizabeth's death.
King Charles III.
  • King Charles III will not appear on Australia's new $5 banknotes, the central bank said. 
  • The paper currency will instead feature designs representing the country's indigenous people. 
  • Australian coins, however, will continue to carry images of the British monarchy.

King Charles III will not appear on Australia's new $5 banknotes as the former British colony pivots away from the monarchy.

With the death of Queen Elizabeth II last year, currencies with her image will eventually be replaced. But in Australia, supporters of the republic movement have called for the royal family to be removed from its cash. The $5 bill is the only Australian banknote with an image of a British monarch, though coins feature the late queen.