The Reserve Bank of Australia (RBA) has unveiled the theme for the new $5 banknote, which honors the deep connection of First Nations people to their land. Selected from over 2,100 public nominations, this theme reflects the cultural and spiritual ties that Indigenous Australians have with the country. The redesign process was a collaborative effort, involving representatives from First Nations communities, the RBA, and Note Printing Australia.
This significant change comes after the RBA's February 2023 announcement that King Charles would not feature on the banknote following the death of Queen Elizabeth II. This makes the new $5 note the first in Australia to not feature a monarch, marking a historic shift. Despite support from many, the decision has faced opposition, notably from Opposition Leader Peter Dutton, who criticized it as "another attack on our systems, our society, and institutions."
A Collaborative Redesign
The redesign panel was inclusive, comprising members from First Nations communities alongside representatives from the RBA and Note Printing Australia. The goal was to create a banknote that truly represents and celebrates Indigenous Australians' enduring connection to their land.
"The tone for the banknote is of a hopeful future, where First Nation peoples' connection to country is celebrated and respected," noted the Reserve Bank of Australia.
In encouraging submissions, the RBA engaged widely with First Nations organizations across the country. This outreach aimed to inspire a comprehensive understanding of these connections, emphasizing "overturning of the concept of terra nullius."
Honoring Cultural Heritage
The $50 banknote already showcases a significant First Nations figure: David Uniapon. A Ngarrindjeri man from South Australia, Uniapon is known as an author, inventor, activist, and musician. His presence on the currency reflects Australia's recognition of First Nations' contributions to its cultural fabric.
Similarly, the new $5 note seeks to highlight the cultural heritage of Indigenous Australians. It aims to depict "the deep connection First Nations peoples have to the land, the waters, and the sky," as articulated by Michelle McPhee. This design serves as a tribute to the rich traditions and history of Australia's First Nations communities.
Future Forward
While the obverse of the new $5 note will celebrate Indigenous connections to country, the reverse side will continue to feature Parliament House. This duality symbolizes both a respect for traditional lands and an acknowledgment of contemporary Australian governance.
The decision to redesign has sparked debate in political spheres, yet it also signifies progress in recognizing and valuing First Nations' ties to their homeland. By placing these connections at the forefront, the new banknote fosters a more inclusive narrative for Australia's national identity.
