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Australia Announced Decision to Remove British Monarchy from its Banknotes... Read more

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By Bhavna Published 3 years ago 3 min read

Australia Announced Decision to Remove British Monarchy from its Banknotes... Read more

Introduction

Australia has taken a big step towards removing the British monarchy from its currency. The nation's Reserve Bank announced on Wednesday that it will no longer feature Queen Elizabeth II or her husband, Prince Philip on its $50 note. This move comes after several years of deliberation by the bank, which said in a statement that "this is a change that reflects our changing society and what we consider to be appropriate for any modern currency." Prime Minister Scott Morrison was supportive of the decision to remove queenie and philip from the bill, saying there were other ways to protect against counterfeiters than simply taking their picture out of circulation.

Australia Announced Decision to Remove British Monarchy from its Banknotes

Australia Announced Decision to Remove British Monarchy from its Banknotes

Australia has announced that it will no longer feature the British monarch on its banknotes, a move that is expected to be met with criticism in Britain. The decision was made by the Reserve Bank of Australia (RBA) after advice from experts who said that removing Queen Elizabeth II would help protect her image and promote gender equality.

The British monarchy was removed from Australia's currency after days of deliberation by the nation's Reserve Bank. The bank announced on Wednesday it will no longer feature Queen Elizabeth II or her husband, Prince Philip on the front of its $50 note.

The British monarchy was removed from Australia's currency after days of deliberation by the nation's Reserve Bank. The bank announced on Wednesday it will no longer feature Queen Elizabeth II or her husband, Prince Philip on the front of its $50 note.

The decision came after Prime Minister Malcolm Turnbull met with Governor Glenn Stevens at Parliament House in Canberra and asked him to issue a statement announcing the decision.

"The government has made the decision to remove Her Majesty Queen Elizabeth II and HRH Prince Philip from the banknote," said a statement issued by the Reserve Bank of Australia on its website. "This is a change that reflects our changing society and what we consider to be appropriate for any modern currency."

"The government has made the decision to remove Her Majesty Queen Elizabeth II and HRH Prince Philip from the banknote," said a statement issued by the Reserve Bank of Australia on its website. "This is a change that reflects our changing society and what we consider to be appropriate for any modern currency."

The queen will be replaced with someone who is more popular in Australia, according to News Corp Australia. The new note will be released in 2022, but there are no details yet on what it'll look like or who will appear on it.

Prime Minister Scott Morrison said he supported the idea of removing the queen from currency, saying it was not just a symbolic change but a move to improve security and protect against counterfeiters.

Prime Minister Scott Morrison said he supported the idea of removing the queen from currency, saying it was not just a symbolic change but a move to improve security and protect against counterfeiters.

"This is an important step forward," he said in parliament on Wednesday. "Australia has long been proud of its position as one of the most stable democracies in our region."

He added that moving away from symbols associated with past monarchs would help protect against counterfeits and ensure that Australian money still has value even after they are removed from circulation.

Conclusion

It’s not just a symbolic change but a move to improve security and protect against counterfeiters. Prime Minister Scott Morrison said he supported the idea of removing the queen from currency, saying it was not just a symbolic change but a move to improve security and protect against counterfeiters."

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