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Among the following, which country has declared to remove the British Monarchy from its Central Bank Currency Notes on 2nd February, 2023?
Explanation
On February 2, 2023, the Reserve Bank of Australia (RBA) announced that the portrait of the late Queen Elizabeth II on the $5 banknote would be replaced with a new design that honours the culture and history of the First Australians (Indigenous Australians). This decision ensures that the British monarch will no longer be featured on Australia’s paper currency, as the bank opted not to include King Charles III on the new note. The RBA stated that this change followed consultation with the Australian Government. While the monarch's image will continue to appear on coins, the transition on banknotes is a significant symbolic step. In contrast, countries like Canada have decided to maintain the monarch's image on their currency, while Nepal and Sri Lanka are republics and do not feature the British Monarchy.