The Bank of England has unveiled new banknotes bearing the portrait of King Charles III..
The unveiling is contained in the website of the apex bank this week.
“We unveiled the design of our King Charles III banknotes on 20 December 2022.
“The King’s portrait will appear on all four of our polymer banknotes (£5, £10, £20 and £50).
“The rest of the design on the banknotes will remain the same.
“The King’s image will appear on the front of the banknotes, as well as in the see-through security window.
“You can check these notes in the same way you can check our polymer banknotes featuring Queen Elizabeth II,” the statement retrieved from the website noted.
The King Charles III banknotes are expected to be in circulation by mid-2024.
As regards the Queen Elizabeth II banknotes, the statement affirmed that “You will still be able to use polymer banknotes that feature the portrait of Queen Elizabeth II.
“Banknotes featuring Queen Elizabeth II and the King will be in circulation at the same time.
“The new banknotes will only be printed to replace those that are worn and to meet any overall increase in demand for banknotes.
“Our approach is in line with guidance from the Royal Household, to minimise the environmental and financial impact of this change.”
