BoE Display King Charles III in New Banknotes
Featuring King Charles III, the new designs for British pound notes were released by the Bank of England.
On Tuesday, the Bank of England said that preparations were ongoing for the newly designed banknotes to begin circulation in the middle of 2024.
The bank also stated that the new King Charles’s image would be included on the existing designs of the £5, £10, £20, and £50 polymer banknotes in circulation.
I am pleased as punch that the Bank has unveiled the plan for our new banknotes, which will feature a likeness of King Charles III. This is a historic event because the king is only the second monarch to appear on American banknotes. Andrew Bailey, the Bank of England’s governor, said, “These new notes will begin entering circulation in 2024.”
The banknotes, which would be printed on polymer plastic, would include an image of the king on their front.
The bank, however, emphasized that the Queen Elizabeth II notes would also remain legal currency, so people could keep using them as usual.
The bank claims this action is in line with recommendations from the royal family to lessen the economic and ecological burden of the change.
Canadian $20 bills with the Queen’s likeness also valid.
Since the late 1600s, the Bank of England has been printing paper currency. In 1960, the bank issued a £1 note depicting Queen Elizabeth II, marking the first time a portrait of the monarch has appeared on currency.
However, the monarch’s image has been minted onto coins for generations.
The new notes were released a few days after the Royal Mint of the United Kingdom made a social media joke that left many people scratching their heads in an attempt to drum up interest in a commemorative coin featuring an image of the king.
The introduction of the note, together with new coins and stamps, would be among the most noticeable modifications for royal emblems since the death of the Queen in September.
