King Charles Bank Notes Won’t Circulate Until Mid-2024

Author: Yuvi September 27, 2022


Currency emblazoned with the image of King Charles III is not expected to enter circulation until mid-2024, the Bank of England said in a statement, though the portrait of the king to be featured on the bank notes will be revealed by the end of this year.

King Charles will appear on four bank notes — the £5, £10, £20 and £50 notes — and there will be no changes to those notes beyond replacing Queen Elizabeth II’s image with King Charles’s, according to the statement from the bank.

Queen Elizabeth’s image won’t disappear from the currency overnight. In keeping with guidance from the royal family to “minimize the environmental and financial impact of the change of monarch,” notes with Queen Elizabeth’s image on them will be removed from circulation only if they become “worn or damaged,” the bank said. New notes with King Charles’s image will be made to “replace worn bank notes and to meet any overall increase in demand for bank notes.”

A similar transition will occur with British coins featuring Queen Elizabeth. According to the Royal Mint, the process of producing and putting into circulation coins featuring the portrait of King Charles will take at least several months.

And the transition to the King Charles coins will be gradual. Coins bearing the effigy of Queen Elizabeth will stay in circulation as coins with King Charles on them are introduced. There are nearly 30 billion coins with Queen Elizabeth’s face on them, which, like the bank notes, will be replaced only once they are damaged or to meet a demand for more coins, according to a statement from the Royal Mint.

“This means the coinage of King Charles III and Queen Elizabeth II will co-circulate in the UK for many years to come,” said Anne Jessopp, the chief executive of the Royal Mint.

While details have not been released about the image of King Charles that will appear on the coins, it must be approved by the Privy Council, a group of high-level advisers to the monarch.

On the coins that feature Queen Elizabeth, she faces to the right. Since the reign of Charles II in the 17th century, monarchs have faced in the opposite direction of their predecessors, with the exception of Edward VIII. The Royal Mint has not confirmed which way King Charles will face.

Queen Elizabeth’s death has raised questions about the use of her image on not just currency but also on everyday items — like ketchup bottles, stamps and mailboxes. Experts say replacing her image on these objects will not be a major expense compared with the overall cost of the monarchy.

27 September, 2022, 7:36 am

News Cinema on twitter News Cinema on facebook

Tuesday, 27th September 2022

More Stories
Irish Rail worker who is paid £105,000 a year to ‘read the paper’ takes employers to court
Epstein Estate Agrees to Pay More Than $105 Million to US Virgin Islands
Former Adam Levine yoga instructor says 1992 attack ‘eerily similar’ to University of Idaho slayings
Biden Promises Protections for Nevada’s Spirit Mountain
Fyre Festival fraudster Billy McFarland launches new virtual PYRT festival
Andy Jassy says Amazon will allow the antisemitic film that Kyrie Irving tweeted to remain on sale for now.
Scooter Driver Who Struck and Killed Actress Gets Up to 3 Years
Pamela Rosenkranz Wins the High Line Plinth’s Third Commission
Royal Family news LIVE: William and Kate land in Boston for a three-day visit to the US
Powell says that rates will rise more and remain high ‘for some time.’
San Francisco Considers Allowing Use of Deadly Robots by Police
Life Science, Spacewalk Preps as Station Orbits Higher
NATO Nations Grow More Receptive to US Pleas to Confront China
Prince William and Kate Middleton land in Boston for US trip amid royal race row
New York Police Name a Chief Who Has Faced Internal Discipline
South Africa’s President, Cyril Ramaphosa, Faces Impeachment Hearing
Mother sparks furious debate after waxing her 10-year-old daughter’s face
Outcome in Oath Keepers Trial Could Hold Lessons for Coming Jan. 6 Cases
Elon Musk’s Neuralink to share progress of its brain chip tonight
Sam Brinton: Biden’s nuclear waste guru spoke at a spanking seminar weeks after bag theft
Could Theatrical Movies Shut Out Streamers for the Top Oscars?
17 Public Employees Charged in Schemes to Steal Covid Relief Funds
Deaths From Substance Abuse Rise Sharply Among Older Americans in 2020
White House ‘deeply concerned’ about Paul Whelan
‘Philadelphia is a war zone’: thug strolls up to parking official and shoots him in the head
Indian-origin doc slams ‘racist joke’ at British Curry Awards
Argentina’s World Cup Hangs in the Balance Against Poland
China completes world’s largest solar telescope array with 1.9-mile-wide ring of 313 dishes
Bigg Boss 16 Day 60 Updates: Housemates call Nimrit unfair for favoring Shiv and Soundarya in ranking task
FIFA World Cup 2022: Defending champion France lost to Tunisia
Mariah Carey offers fans opportunity to stay in her apartment BUT the star won’t even be there
House PASSES bill to stop a rail strike on December 9 after Biden asked Congress to step in
In Georgia, Walker’s Pace in the Finish Worries Republican Allies
Hiroshi Miyamura, Given Medal of Honor in Korean War, Dies at 97
Cops kill Illinois man and his grandpa while trying to stop younger man from stabbing his relative
A Resonant Topic in Georgia’s Senate Runoff: Insulin Prices
Spotify Wrapped drops but Apple Music Replay fans have it trending
The five ‘saboteurs’ trying to derail Kevin McCarthy’s Speaker bid: GOP leader’s allies push back
Biden gives 11 tribes $135M to move coastal buildings to higher ground due to climate change
FIFA World Cup 2022: Lionel Messi’s Argentina qualification scenario ahead of must-win clash vs Poland
MDMA could be approved for PTSD in the US by 2024
Moment Litvinenko said he’d been poisoned recreated for ITVX drama widow says keeps his voice alive