Brisbane CNN —Australia’s new $5 banknote will not feature Britain’s King Charles III, but rather a new design that honors “the culture and history of the First Australians,” its central bank announced Thursday. The bank will consult with First Australians in designing the $5 banknote, which could take several years to be issued, it added. The mint has said it expects to unveil the design of the first King Charles coins early this year. In Australia, the Queen’s portrait “has been represented in every Australian banknote series since her coronation,” through seven decades, according to the RBA. Video Ad Feedback CNN reporter predicts what we'll see from King Charles 05:17 - Source: CNN— CNN’s Anna Cooban and Angus Watson contributed to this report.

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