The new coins will be in circulation by December, according to the official UK coin maker.
in a statement that they will be issuing a variety of commemorative coins in Queen Elizabeth’s honor, however they will be working “to determine a new obverse design for future Canadian coins.”
The Reserve Bank of New Zealand said in September that there would be plans to change out the coins and banknotes with King Charles III, but the transition would takein order to ensure cost-advantage printing and minting from manufacturers in the UK and Canada. “It will be several years before we need to introduce coins featuring King Charles the Third, and longer until stocks of $20 notes are exhausted,” the Reserve Bank spokesperson said.
The Eastern Caribbean Central Bank, which oversees financial services for countries such as Antigua and Barbuda, Dominica, Grenada, Montserrat, St. Kitts and Nevis, St. Lucia, and St. Vincent and the Grenadines, has not yet said if or when they will also introduce coins with King Charles III into their currency.
Other Commonwealth countries have already phased out the British monarch from their coins and banknotes. Jamaica, for example, features the island’s flora and fauna, even though the British monarch remains its official head of state.
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