The Bank of England will reveal images of updated bank notes featuring King Charles instead of the late Queen towards the end of 2022.
Coins and banknotes featuring King Charles III and Queen Elizabeth II will co-circulate at first. Currency with Queen Elizabeth's portrait on will be withdrawn over time as they become damaged or worn.
The Bank of England says to expect currency featuring either the King and or the late Queen to be co-circulate "for many years to come", so there is no need to get rid of notes and coins with the Queen's effigy on. Notes are still being printed with the Queen's face on and will continue to be used.