blank
Connect with us

Money

King Charles III banknotes unveiled

Published

on

The Bank of England has unveiled the design of the King Charles III banknotes.

The portrait of The King will appear on existing designs of all four polymer banknotes (£5, £10, £20 and £50), with no other changes to the existing designs.

Advertisement

The King’s image will appear on the front of the banknotes, as well as in cameo in the see-through security window. 

The new notes are expected to enter circulation by mid-2024.

The new banknotes containing King Charles III’s portrait (Image: Bank of England)

The Bank of England say that all polymer banknotes carrying a portrait of HM Queen Elizabeth II remain legal tender, and the public can continue to use these as normal.

In line with guidance from the Royal Household, to minimise the environmental and financial impact of this change, new notes will only be printed to replace worn banknotes and to meet any overall increase in demand for banknotes.

Notes featuring HM Queen Elizabeth II and King Charles III will therefore co-circulate. 

Advertisement

Speaking ahead of the release, Governor Andrew Bailey said: “I am very proud that the Bank is releasing the design of our new banknotes which will carry a portrait of King Charles III. This is a significant moment, as The King is only the second monarch to feature on our banknotes. People will be able to use these new notes as they start to enter circulation in 2024.”

(Lead image: Bank of England)

Advertisement
Click to comment

Leave a Reply

Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement

Trending

Copyright © 2023 Swansea Bay News