We are all used to seeing an image of the late Queen Elizabeth II on our money and stamps but the death of the long standing monarch has meant that will begin to change. New banknotes and stamps featuring King Charles III are set to enter circulation.
While current bank notes and coins featuring the late Queen will continue to be legal tender, the Royal Mint has confirmed that new notes and coins featuring Charles' portrait are lined up to enter circulation. New images showing how the money will look will be revealed by the Bank of England by the end of this year, reported Birmingham Live.
Anne Jessopp, chief executive officer, the Royal Mint, said: "We are honoured to have struck each UK coin of her late majesty's reign, documenting her journey from young Queen to respected head of state. As official coin maker to the UK, we have told the story of each monarch since Alfred the Great and are now preparing for the biggest change in British coinage for several decades."
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Ms Jessopp continued: "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." The coins and stamps will co-circulate with ones featuring Queen Elizabeth II.
Bank Notes featuring the new monarch are expected to enter circulation by mid-2024, the Bank of England said. Charles' portrait will appear on existing designs of all four denomination of banknote - £5, £10, £20 and £50. The notes, just like the latest UK currency will be polymer to enhance security measures. The rest of the banknotes will reportedly stay the same.
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