NOTE WORTHY

Written by Joel Kandiah

EVER SINCE THE PASSING OF QUEEN ELIZABETH II LAST YEAR, SPECULATION AND OPINION HAS BEEN RIFE ABOUT WHO WILL REPLACE THE QUEEN ON THE $5 NOTE. Have your say, click this

Who will replace the Queen on the $5 note. Public opinion early on was split along generational lines, as the older generation heavily favoured King Charles III gracing the banknote, whilst the younger generations favoured Australian representation, but were split on who should feature.

In the months after, the Reserve Bank of Australia engaged in consultation with the Federal Government to determine who would feature on the $5 note and it was decided on February 2nd that the new banknote will feature “a new design that honours the culture and history of First Australians” to replace the portrait of the Queen, whilst Parliament House will remain on the back of the note.

This won’t be the first time that the $5 note has changed, nor will it be the first time it would cause controversy.

The first $5 note, was the paper version note which was introduced in 1967. It featured botanist Joseph Banks on the front and philanthropist Caroline Chisholm on the back. Over the next 25 years, the note existed in circulation whilst in the background, the RBA and CSIRO were developing the world’s first polymer banknotes. After an introduction of