The Reserve Bank of Australia wishes to express its heartfelt condolences to the Royal Family following news of the death of Her Majesty Queen Elizabeth II.

There will be no immediate change to Australian banknotes. The $5 banknotes featuring the image of Her Majesty The Queen can continue to be used. They will not be withdrawn and are likely to remain in circulation for years to come.

The reigning monarch has traditionally appeared on the lowest denomination of Australian banknote. The Reserve Bank will provide further updates in due course.

Originally published by the RBA