On February 27, 2024, the Bank of England Museum in London, England held a press preview for the “Future of Money” exhibition.
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LONDON — Banknotes bearing the portrait of King Charles III entered circulation for the first time on Wednesday, the Bank of England said in a statement. statement.
Charles’ picture will appear on the front of the £5, £10, £20 and £50 notes and will be visible through the note’s clear security window.
Otherwise, the note’s design will remain unchanged. As well as the monarch, British banknotes feature historical figures including Winston Churchill, Jane Austen, JMW Turner and Alan Turing.
Images of the notes depicting Charles were first released in December 2022, following the death of Queen Elizabeth II in September of the same year.
New banknotes bearing the portrait of King Charles III will enter circulation on June 5, 2024. People display the new banknotes and take photos after they were presented to King Charles III by Bank of England Governor Andrew Bailey and the Chief Cashier of the Bank of England. Take a souvenir.
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The Bank of England said banknotes featuring Queen Elizabeth II will remain legal tender and will circulate alongside those featuring Charles. The two monarchs are the only figures to appear on the banknotes, as the tradition did not begin until 1960.
“The new banknotes are being printed solely to replace older ones and to meet the overall increase in demand for banknotes,” the Bank of England said. “This means that the public will gradually begin to see the new King Charles III banknotes.”
Bank of England Governor Andrew Bailey said: “This is a historic moment because it is the first time we have changed the sovereignty on banknotes.”
However, people can exchange the notes they already have for the new notes featuring Charles. The Bank of England said it will hold a series of auctions of smaller notes in the coming months, with proceeds going to charity.
Coins bearing the portraits of British kings are already in circulation. He is pictured facing to the left, in keeping with tradition in which the direction of the profile of each successive monarch changes.
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