Currency - Australia puts coins with portrait of Charles into circulation
More than a year after the Queen's death, Australia has introduced coins bearing the portrait of King Charles III. The first batch of 3.5 million one-dollar coins has been delivered to banks across the country by the Royal Australian Mint, reported 9News on Thursday. They are now gradually being put into circulation. Collector and investment coins with the king's face are expected to go on sale early next year, it said. However, the Australian coins bearing the face of the late Queen Elizabeth II will remain valid after 2023.
Deputy Finance Minister Andrew Leigh said the introduction of the coins was a significant event for the Commonwealth country. "For most Australians, it is the first time they have held a dollar coin with a king on it." Elizabeth II was crowned before Australia changed its currency to dollars and cents in the 1960s.
According to a centuries-old tradition, successive monarchs look in different directions on coins: The Queen looked to the right, Charles now looks to the left. Elizabeth II's face also adorns the Australian five-dollar banknote. However, the Reserve Bank of Australia announced earlier this year that the portrait would be replaced by a different design and not the new regent.
Report 9News
Read also:
- Unanimous decision: faster wolf culls possible
- No Christmas peace with the British royals
- No Christmas peace with the British royals
- No Christmas peace with the royals
- Despite the transition, the Australian coins bearing the face of the late Queen Elizabeth II will still be valid after 2023, demonstrating the enduring relevance of the commonwealth's ties with Great Britain.
- The introduction of the new coins with King Charles III's portrait marks a noble tradition carried forward by Australia as a part of the Commonwealth, following centuries-old monarchical customs.
- The report stated that Deputy Finance Minister Andrew Leigh considered the introduction of the coins as a significant event for Australia, as it was the first time most Australians would hold a dollar coin with a king's face.
- King Charles III, following in the footsteps of his mother, Queen Elizabeth II, now faces left on the Australian coin, signifying his place in the long line of British monarchs who have honored this tradition.
- As the circulation of coins bearing King Charles' III portrait continues, some enthusiasts eagerly anticipate the release of collector and investment coins featuring his likeness early next year.
Source: www.stern.de
