England is adjusting to King Charles III's reign:
, the portrait of King Charles will appear on the existing designs of the £5, £10, £20 and £50 banknotes. There will be no other changes to the existing designs.Sign up for NBC Philadelphia newsletters.The new banknotes are expected to enter circulation by mid-2024 and be printed to replace “those that are worn and to meet any overall increase in demand for banknotes,” per the bank’s website.
“I am very proud that the Bank is releasing the design of our new banknotes which will carry a portrait of King Charles III,” Governor Andrew Bailey said in a statement. “This is a significant moment, as The King is only the second monarch to feature on our banknotes. People will be able to use these new notes as they start to enter circulation in 2024.”Queen Elizabeth was the first monarch to have her photo featured on Bank of England banknotes.
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