First images of British banknotes featuring King Charles III unveiled - CNN

London CNN Business  — 

The archetypal images of banknotes featuring Britain’s King Charles III were unveiled connected Tuesday by the Bank of England.

Charles’ representation volition look connected English notes of £5, £10, £20 and £50. Meanwhile, the remainder of the plan volition stay the aforesaid arsenic the existent notes that diagnostic the precocious Queen Elizabeth II connected the front. The cameo successful the transparent information model volition besides diagnostic the existent monarch, the United Kingdom’s cardinal slope said successful a press release.

The caller banknotes are expected to participate circulation by mid-2024 and volition co-circulate with notes featuring the Queen’s portrait, which volition stay ineligible tender successful the UK, according to the bank.

“This is simply a important moment, arsenic The King is lone the 2nd monarch to diagnostic connected our banknotes,” Bank of England Governor Andrew Bailey said up of the release.

The reverse broadside of the notes volition stay unchanged – the existent designs diagnostic portraits of Winston Churchill, Jane Austen, JMW Turner and Alan Turing connected the reverse of the £5, £10, £20 and £50 notes, respectively.

“To minimize the biology and fiscal interaction of this change, caller notes volition lone beryllium printed to regenerate worn banknotes and to conscionable immoderate wide summation successful request for banknotes,” the Bank of England added.

Earlier this month, the archetypal coins bearing the authoritative effigy of King Charles III entered circulation. The 4.9 cardinal 50 pence coins diagnostic the King’s portrait, and connected the reverse, a plan symbolizing the “life and legacy” of the precocious Queen, according to the Royal Mint.