King Charles III won't feature on Australia's $5 note after the country's central bank announced it will replace the late Queen Elizabeth II's image with a design honoring the first Australians. Why it matters: The Australian Reserve Bank Board's decision ends a longstanding tradition of Australia's British-based head of state on the bank notes. • The Reserve Bank said in a statement on Thursday morning local time it would consult with Indigenous Australians on a "design that honours the culture and history" of Aboriginal and Torres Strait Islander people over the next few years. The big picture: The Reserve ... (full story)