Australia is ditching British monarchs from its currency note

The RBA said the new design "honours the culture and history of the First Australians", reports Xinhua news agency. It comes after a review of the design following the death of Queen Elizabeth II, whose portrait had featured on the note.

Australian Dollar

The Reserve Bank of Australia (RBA) on Thursday announced the country's head of state, King Charles III, will not feature on the new A$5 banknote.