THE NEW KING CHARLES III BANKNOTES

 

Today the Bank of England 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.

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. 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.

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.

To read the complete article, see:
King Charles III banknotes unveiled (https://www.bankofengland.co.uk/news/2022/december/king-charles-iii-banknotes-unveiled)

 

The Bank of England said that, following guidance from the Royal household, the new notes would only be printed to replace worn notes or to meet increased demand, in order to minimise the environmental and financial impact of the change.

Bank of England governor, Andrew Bailey, said he was "proud" of a "significant moment" with the new design.

Fifty pence coins bearing the image of King Charles III have already entered circulation via post offices across the country.

For anyone taking part in a family Christmas quiz this year, it is worth remembering that, in ascending order, the reverse side of current polymer Bank of England banknotes feature Sir Winston Churchill, Jane Austen, JMW Turner and Alan Turing.

To read the complete articles, see:
First pictures of King Charles banknotes revealed (https://www.bbc.com/news/business-64026683)
First images of British banknotes featuring King Charles III unveiled (https://www.cnn.com/2022/12/20/business/first-banknotes-king-charles-gbr-intl-scli/index.html)

 

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