The Bank of England has revealed the new designs for banknotes featuring King Charles III ahead of their circulation by the middle of 2024. The image of the King will feature on the front of the banknotes, as well as in the see-through security window.
According to the Bank, the King’s portrait will be the only change on existing designs of its £5, £10, £20 and £50 polymer notes. All existing plastic banknotes featuring Queen Elizabeth II will still be accepted as legal tender, the Bank confirmed, and people can still use them.
It intends to only print new banknotes to replace those that are worn and when needed to increase notes in circulation following guidance from the royal household to keep the environmental and financial impact of the change to a minimum.
