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
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Source: www.stern.de
