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The $5 bill previously hosted the likeness of Queen Elizabeth II, but the central bank announced it would not be replacing her image with King Charles III. Instead it plans to highlight Indigenous culture and design on the notes.

The new $5 will have a design on the front side that honors “the culture and history of the First Australians,” and the back side will “continue to feature the Australian parliament,” according to the bank’s statement.

Australia’s Indigenous population, often called First Nations people, is comprised of Aboriginal and Torres Strait Islanders, who are “descendants of the world’s oldest continuous culture who have occupied the continent for 65,000 years.

“This is a massive win for the grassroots, First Nations people who have been fighting to decolonise this country,” tweeted Greens Sen. Lidia Thorpe, who is a DjabWurrung Gunnai Gunditjmara woman.

Source: CNBC