The Bank of England introduces the first banknotes featuring King Charles

The bank said the King’s portrait will be the only change to existing designs on its plastic £5, £10, £20 and £50 notes.

The king’s image appears on the face of the banknotes as well as in the clear security window.

However, the bank confirmed that any existing Queen Elizabeth II plastic banknotes will still be accepted as legal tender and the public will continue to be able to use them normally.

It added that in line with the Royal Household’s instructions to keep the environmental and financial impact of the change to a minimum, it would only print new banknotes to replace the worn ones and increase the banknotes in circulation if necessary.

That means notes with Queen Elizabeth II and King Charles III will be “in circulation together,” according to Threadneedle Street.

The Argus: New banknotes featuring King Charles III to be in circulation by mid-2024 (Bank of England/PA)New King Charles III banknotes to be in circulation by mid-2024 (Bank of England/PA) (Image: Bank of England)

When will the King Charles banknotes go into circulation?

Bank Governor Andrew Bailey said: “I am very proud that the Bank is releasing the design of our new banknotes, which feature a portrait of King Charles III. will wear.

“This is a significant moment as the King is only the second monarch to feature on our banknotes.

“People will be able to use these new banknotes as soon as they come into circulation in 2024.”

Fifty pence coins bearing the image of King Charles III. come into circulation this month, with 4.9 million coins being distributed to 9,452 post offices nationwide. The Bank of England introduces the first banknotes featuring King Charles

Fry Electronics Team

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