CURRENT AFFAIRS

Detailed explanation-1: -CANBERRA, Australia-Australia is removing the British monarchy from its bank notes. The nation’s central bank said Thursday its new $5 bill would feature an Indigenous design rather than an image of King Charles III. But the king is still expected to appear on coins.

Detailed explanation-2: -Introduction. Australia is a constitutional monarchy with The Queen as Sovereign. As a constitutional monarch, The Queen, by convention, is not involved in the day-to-day business of the Australian Government, but she continues to play important ceremonial and symbolic roles.

Detailed explanation-3: -Her portrait has been represented in every Australian banknote series since her coronation, reflecting Australia’s constitutional monarchy.