Bank of England’s new King Charles notes enter circulation from 5 June | UK News

The portrait of the King will seem on present designs of all 4 banknotes – £5, £10, £20 and £50 – from the summer season.

Banknotes carrying the King’s portrait will seem in Britons’ wallets for the primary time from 5 June.

From the summer season, newly issued banknotes will function the likeness of the King on all 4 denominations – £5, £10, £20 and £50.

Notes which function Queen Elizabeth II will nonetheless stay authorized tender, and can co-circulate alongside King Charles notes.

In a press release, the Bank of England mentioned new rounds of notes will solely be printed to exchange these which are worn and to satisfy any total improve in demand.

This is a restricted model of the story so sadly this content material is just not obtainable.

Open the total model

They added the small rollout can be achieved in a bid to minimise the environmental and monetary influence of updating the notes, and mentioned it means the general public will start to see them “very gradually”.

The new designs have been unveiled in December with no different adjustments to the present structure.

Pic: Bank of England/PA

Pic: Bank of England/PA

The Bank of England additionally mentioned a restricted quantity of “current or old series notes” may be exchanged for the new variations shortly after they’re issued in June.

They added extra particulars can be launched on the time. A charity public sale for a run of the new notes that are “low-serial numbered” can even be held over the summer season by Spink & Son.

The notes have been designed in collaboration between the Bank of England and De La Rue, and have the King’s picture as a portrait on the entrance in addition to within the see-through safety window on the again.

Coins bearing King Charles’ face additionally entered circulation in August final yr, with nearly 5 million 50p cash marking the monarch’s coronation launched.

Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button