News

Image of King Charles III banknotes revealed for the first time



London
CNN Business

The first images of British banknotes King Charles III was revealed on Tuesday by Bank of England.

Charles’ portrait will appear on £5, £10, £20 and £50 English notes. Meanwhile, the rest of the design will remain the same as current banknotes with the late Queen Elizabeth II on the front. The UK’s central bank says the cameo in the transparent privacy window will also feature the current monarch. Press Release.

Image of King Charles III on the £50 note.

The new banknotes, which are expected to go into circulation by mid-2024 and will co-circulate with the Queen’s portrait banknotes, will remain legal in circulation in the UK, according to the bank. .

“This is a pivotal moment, as the King is only the second monarch to appear on our banknotes,” Bank of England Governor Andrew Bailey said ahead of the release.

The reverse side of the notes will remain unchanged – current designs feature portraits of Winston Churchill, Jane Austen, JMW Turner and Alan Turing on the reverse of the £5, £10, £20 and £50 notes. respective pounds.

“To minimize the environmental and financial impact of this change, new bills will only be printed to replace older bills and to meet any overall increase in demand for with paper money,” the Bank of England added.

Earlier this month, the first coins bearing an official effigy of King Charles III entered circulation. The 4.9 million 50 pence coins feature the portrait of the King, and on the reverse, a design representing the “life and legacy” of the late Queen, according to Royal mint.

news7d

News 7D: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, Sports...at the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button