Among the following, which country declared on 2 February 2023 that it would remove the British Monarchy from its central-bank currency notes?

1. A

   Canada

   Canada claims that it announced the removal of the British Monarchy from its central-bank currency notes on 2 February 2023. However, Canada retained the portrait of King Charles III on its newly minted coins, making this option incorrect.

2. B

   Australia

   Australia announced on 2 February 2023 that it would replace the portrait of the British Monarch on its five-dollar banknote with a design honoring the history and culture of Indigenous Australians. This decision marked a significant constitutional shift away from the British monarchy, making this the correct key.

3. C

   Sri Lanka

   Sri Lanka claims the February 2023 currency announcement regarding the British Monarchy. This is factually incorrect as Sri Lanka is a republic with its own distinct currency system and has not used British monarch portraits on its modern central-bank notes.

4. D

   Nepal

   Nepal claims the declaration to remove the British Monarchy from its currency notes on 2 February 2023. Nepal is an independent federal democratic republic that has never featured the British monarch on its currency, rendering this option entirely false.

Summary. Official key is (b) Australia. On 2 February 2023, the Reserve Bank of Australia announced that the portrait of the late Queen Elizabeth II on the five-dollar banknote would be replaced by design celebrating Indigenous Australians. Other Commonwealth realms like Canada kept the monarch on currency or coins, leading to common international confusion. Sri Lanka and Nepal have no historical ties to British monarchical currency. Therefore, only option (b) correctly identifies the country that made this historic announcement.