The Reserve Bank of Australia has left the door open to putting King Charles III on the $5 note if a future government were in favour of restoring the monarch to the lowest denomination note, after leader of the opposition Peter Dutton made clear he supports such a move.
In February, the RBA announced that King Charles would not replace his late mother, Queen Elizabeth II, on the banknote and instead it would feature a design honouring the history or culture of First Nations people.
