Two-and-a-half billion people in more than 50 countries are members of theCommonwealth.
This includes Australia, Canada, New Zealand, and a number of Caribbean countries.
However, that number may be coming down.
The First Australians is a reference to the indigenous people of Australia and the Torres Strait Islands.
In the meantime, the current $5 bills featuring Queen Elizabeth II will continue to be issued.
This isn’t the first time that the British monarch has been phased out of Australian currency.
Until the 1950s, the British monarch was on every Australian banknote.
