Charles’ portrait appears on the £5, £10, £20 and £50 notes. Meanwhile, the rest of the design will be similar to the current notes that feature the obverse of the late Queen Elizabeth II. The UK’s central bank said in a statement that the cameo would include the current monarch in an apparent safety window. Press release.
The new banknotes are expected to go into circulation in mid-2024 and will be in circulation alongside notes bearing the Queen’s portrait, which will be legal tender in the UK, the bank said.
“This is a significant moment, the second monarch to feature on our banknotes,” Bank of England Governor Andrew Bailey said ahead of the launch.
The reverse of the notes will remain unchanged – the 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 respectively.
“To reduce the environmental and financial impact of this change, new notes will be printed to replace old notes and meet the overall increase in demand for notes,” the Bank of England added.
Earlier this month, the first coins bearing the official image of King Charles III went into circulation. The 4.9 million 50p coins feature a portrait of the King and on the reverse, a design representing the “life and legacy” of the late Queen. Royal Mint.