SYDNEY, Feb 2 (Reuters) - Australia will replace the portrait of Queen Elizabeth II on its A$5 banknote with a new design to reflect and honour the history of its Indigenous culture, the country's central bank said on Thursday. The decision follows consultation with the federal government, which supports the change, the Reserve Bank of Australia said in a statement. The Reserve Bank said it would consult with Indigenous groups in designing the A$5 banknote. The A$5 banknote is the only Australian banknote to carry the image of the Queen. Australian coins are mandated to carry the image of the British monarch and new coins will have the effigy of King Charles.

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