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First-ever King Charles III banknotes are put into circulation.
LONDON: The Bank of England stated in a statement that banknotes with a picture of King Charles III went into circulation for the first time on Wednesday.
The £5, £10, £20, and £50 banknotes will all include an image of Charles visible through a see-through security window.
Otherwise, the design of the notes won’t change. In addition to monarchs, historical personalities including Winston Churchill, Jane Austen, JMW Turner, and Alan Turing can be seen on British banknotes.
Following the death of Queen Elizabeth II in September of the same year, pictures of the notes featuring Charles were first made public in December of 2022.
The Bank of England announced that notes with the image of Queen Elizabeth II will continue to be legal money and be in circulation with notes with the image of Charles. Since banknotes have exclusively featured images of the two monarchs, this practice dates back to 1960.
The Bank of England stated, “The new banknotes will only be printed to replace those that are worn, and to meet any overall increase in demand for banknotes.” “This implies that the new King Charles III notes will be gradually introduced to the public.”
Governor Andrew Bailey of the Bank of England stated, “This is a historic moment as it’s the first time we’ve changed the sovereign on our notes.”
However, people would be able to trade in their old notes for the new ones that featured Charles. The Bank of England announced that it will be holding a number of auctions in the upcoming months to raise money for charitable causes using low-serial-numbered notes.
The British king’s face appears on coins that are already in use. According to a custom that states the direction of the profile changes for every succeeding monarch, they depict him looking left.
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However, people would be able to trade in their old notes for the new ones that featured Charles. The Bank of England announced that it will be holding a number of auctions in the upcoming months to raise money for charitable causes using low-serial-numbered notes.
The Bank of England announced that notes with the image of Queen Elizabeth II will continue to be legal money and be in circulation with notes with the image of Charles. Since banknotes have exclusively featured images of the two monarchs, this practice dates back to 1960. The Bank of England announced that notes with the image of Queen Elizabeth II will continue to be legal money and be in circulation with notes with the image of Charles. Since banknotes have exclusively featured images of the two monarchs, this practice dates back to 1960.
The Bank of England announced that notes with the image of Queen Elizabeth II will continue to be legal money and be in circulation with notes with the image of Charles. Since banknotes have exclusively featured images of the two monarchs, this practice dates back to 1960. The Bank of England announced that notes with the image of Queen Elizabeth II will continue to be legal money and be in circulation with notes with the image of Charles. Since banknotes have exclusively featured images of the two monarchs, this practice dates back to 1960.
King Charles III banknotes enter circulation for the first time (msn.com)