King Charles III banknote design revealed by Bank of England

The design for banknotes featuring the image of King Charles III has been revealed by the Bank of England, with plans to enter circulation by mid-2024.

First announcing the design for the coronation in May, Britain’s central bank said the monarch’s portrait would appear on the current designs of all four of its polymer bank notes currently in circulation – the £5, £10, £20 and £50. 50.

The King’s image will appear on the front of the bank notes, as well as in a transparent security window on notes made of polymer plastic. Notes bearing the Queen Elizabeth II will also remain legal tender, allowing the public to use them as normal.

Threadneedle Street said the plans had been made in line with guidance from the royal household that the new notes would only be printed to replace old banknotes in order to minimize the environmental and financial impact of the change, and that any change in demand for the currency growth can be met.

This would mean that notes featuring Queen Elizabeth II and King Charles III would be “co-circulated”, it said.

King Charles will become only the second monarch in British history to feature on a banknote. Although paper money has been produced by the Bank of England since the late 1600s, the reigning monarch’s likeness was first featured in 1960, when the £1 note featuring Queen Elizabeth II was introduced for everyday use. it was done. However, coins have featured the emperor for centuries.

The Queen’s head also appears on $20 notes in Canada, on coins in New Zealand, and in some other Commonwealth countries.

The use of physical currency has steadily fallen in recent years amid the rise of cards and contactless payments. However, there are more than 4.7 billion Bank of England notes in circulation featuring the Queen, worth around £82 billion.

It comes after the introduction of a £5 note featuring Winston Churchill on the reverse in 2016 after gradually phasing out paper banknotes and bringing in those printed on polymer – a thin and flexible plastic material.

Although the note design revealed by the bank will feature a new portrait of the monarch, the reverse side will remain unchanged, with author Jane Austen on the £10 note, artist JMW Turner on the £20 one and computer scientist Alan Turing on the £50 note. Security features including holograms and plastic windows will also remain unchanged.

The note’s launch will stand as one of the most prominent changes to royal symbols since the Queen’s death in September; With the new coins, stamps and the King’s CR monogram will be used on state documents and postboxes.

Bank Governor Andrew Bailey said: “I am very proud that the Bank is releasing the design of our new banknotes, which will feature King Charles III. This is a momentous moment, as the King is only the second monarch to appear on our banknotes People will be able to use these new notes after they come into circulation in 2024.




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