How Australian Currency Changed After Queen Elizabeth II Passed Away

Most Australians have never seen any other side of their currency than that of Queen Elizabeth II.

For decades, her image has been a small reminder of Australia’s connection to the royal family and its status as a constitutional monarchy.

But the connection to royalty, and the need for physical currency in everyday life, is weakening in the 21st century.

So, with a new monarch on the throne, what will happen to the currency?

Why is the Queen shown on currency?

Queens, kings and emperors have been featured on coins since ancient times.

But Queen Elizabeth II appears on money more than any other person in history.

Her face has appeared on coins in 35 countries including the United Kingdom, Canada, Australia, New Zealand and other Commonwealth countries.

Her face also appeared on banknotes including the Australian $5 note and the now-defunct Australian $1 note.

How long does it take for the Queen’s image on currency notes to change?

The Queen’s image was updated in 1966 when Australia switched to a decimal currency and again in 1985 and 1998 to mark her reign. The most recent change was in 2019.

Each time it evolved, artists added their own personal touches, changing the crown, adding jewels and carving out wrinkles as the Queen aged.

Charles the Third is expected to be on coins in 2023

In recent months, the Australian Treasury has worked with the Royal Australian Mint and the Perth Mint to plan changes to the image on Australian coins.

The transition to Australian coins minted with the image of King Charles III is expected to occur gradually over the coming period.

And the Royal Australian Mint expects Charles the Third to appear on coins in 2023.

But because the transition could take time, coins bearing the late Queen’s image may continue to be minted.

As existing coins bearing the late Queen’s name remain legal tender, coins featuring either monarch will circulate together.