It’s been revealed by the Bank of England when the image of King Charles III will appear on the bank notes and coins.
Following Queen Elizabeth’s death, Charles, her son, took the throne as the King of England. And, along with many questions following her death including ‘what happens to her corgis?’ we all wonder what happens to all the money.
Currently, our bank notes and coins have the queen’s face on but the king’s face is set to appear on existing designs of all four banknotes, which will be revealed next year.
The actual banknotes (£5, £10, £20 and £50) won’t be in circulation until mid-2024. Coins of King Charles III and Queen Elizabeth II will co-circulate in an attempt to minimise the environmental and financial impact of the change, and also coins have tended to co-circulate historically.
The current polymer series, the bank of England have said, will remain present with no additional changes to the design.
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Anne Jessopp, chief executive officer at the Royal Mint, said: “The first coins bearing the effigy of His Majesty King Charles III will enter circulation in line with demand from banks and post offices.
“This means the coinage of King Charles III and Queen Elizabeth II will co-circulate in the UK for many years to come.”
1st and 2nd Class stamps will also see the king’s image replace the queen’s, but there is no official timeline as of yet.
The Royal Mail said: “In line with guidance from the Royal Household, to minimise the environmental and financial impact of the change of monarch, existing stocks of definitive stamps that feature the late Queen and the special stamps which use her silhouette, will be distributed and issued as planned.
“The launch dates of some of the special stamps may change. New stamps featuring King Charles will enter circulation once current stocks of stamps are exhausted.”
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Feature Image Credit: Pixabay