Among the following, which country has declared to remove the British Monarchy from its Central Bank Currency Notes on 2nd February, 2023?

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UPPSC PCS Prelims 2023 General Studies Paper-I (SET - C) (Held On 14 May)
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  1. Australia
  2. Nepal
  3. Sri Lanka
  4. Canada

Answer (Detailed Solution Below)

Option 1 : Australia
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The Correct answer is Australia.

Important Points

  • Australia announced it will erase the British monarch from its banknotes, replacing the late Queen Elizabeth II’s image on its $5 note with a design honoring Indigenous culture. The central bank’s decision to leave her successor Charles III off the $5 note means no Britain-based monarch will remain on Australia’s paper currency.
  • King Charles III won't feature on Australia's new $5 bill, the nation's central bank announced Thursday, Feb. 2, 2023, signaling a phasing out of the British monarchy from Australian bank notes, although he is still expected to feature on coins.
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