Australia is set to make history with its newly redesigned $5 banknote, which will no longer feature the British monarch. Instead, the note will celebrate an Indigenous theme, highlighting the deep connection to country that Aboriginal and Torres Strait Islander peoples have honored for generations.
Since 1992, Queen Elizabeth II graced the smallest Australian note, but the Reserve Bank of Australia (RBA) announced in February 2023 that King Charles III would not take her place following her passing. This decision paved the way for a design that embraces Australia’s unique heritage.
After consulting with First Nations organizations across the nation, the RBA chose the theme “Connection to Country.” This theme celebrates the relationship First Nations peoples have with the land, waters, and skies, as well as their vital contributions to environmental restoration and conservation.
According to the RBA, the goal is to create something meaningful and authentic, steering clear of tokenism or stereotypes.
“The tone for the banknote is one of a hopeful future, where First Nations peoples’ connection to country is celebrated and respected,” the RBA said.
Australia has a long history of featuring Indigenous designs on currency, such as the first $1 banknote in 1966 and the current $50 note honoring Ngarrindjeri man David Unaipon, who is a celebrated author, inventor, activist, and musician.
The redesign of the $5 note is another step toward recognising the rich cultural heritage that makes Australia so special.
While the new front design is still in development and set to roll out in a few years to roll out, the reverse side will continue to feature the Australian Parliament.
