The 1923 Women's Olympiad ( ) was the fourth international event in women's sports, the tournament was held 4 to 7 April 1923 in Monte Carlo, Monaco. The tournament was formally called ""Les Jeux Athlétiques Féminins à Monté Carlo"". The games were a runner-up to the 1921 Women's Olympiad and 1922 Women's Olympiad.
The tournament was held in Europe. 
Monaco is in Europe. The system may not have recognized Monaco as a European country, or was thrown off by the fact that the original statement explicitly said that the tournament was held in Monaco. 