With plans to enter circulation by mid-2024, the Bank of England have officially revealed the designs for the bank notes featuring an image of King Charles III.
The designs were announced for the first time in the run-up to the coronation in May. The UK central bank said that the king’s portrait would appear on existing designs of all of its polymer tank notes, with these being £5, £10, £20 and £50.
Notes featuring Queen Elizabeth II will continue to remain legal tender, thus allowing the public to carry on using them as normal.
The face of the king will appear on the front of the bank notes and in the see-through security window on the notes. Threadneedle Street said plans had been made to minimise the environmental as well as financial impact of the change by only printing new notes to replace worn bank notes.
This means that the notes featuring both the late monarch and the new king will co-circulate. Charles will become the second monarch in British history to feature on a bank note.
This is because despite paper money having been produced by the Bank of England since the late 1600s, a likeness of the reigning monarch was first featured in 1960, when the £1 note showing Queen Elizabeth II was introduced for everyday use.
#MaltaDaily