Banknotes featuring King Charles III entered circulation in the United Kingdom on Wednesday.
The Bank of England said Charles is only the second monarch, after his late mother, Queen Elizabeth II, to appear on banknotes issued by the BoE. It’s also the first time the bank has changed the monarch on its notes. Images of the new banknote were first announced in 2022. Charles’ portrait appears on notes of £5, £10, £20 and £50. Meanwhile, the rest of the design will remain the same as the current notes that feature the late Queen Elizabeth II on their fronts.
The Bank of England said in a press release that it expects the new notes to “enter circulation very gradually.” Fans of Charles can also exchange old banknotes for the new ones for a limited time, the Bank of England said. The bank said there will be a series of charity auctions for low-serial-numbered notes over the summer at auction house Spink & Son. Fewer Brits are using cash.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
King Charles III's 1st portrait as king draws mixed reactions onlineCharles unveiled the portrait himself at Buckingham Palace.
Read more »
King Charles III banknotes enter circulation for the first timeSophie Kiderlin is a reporter for CNBC Make It and CNBC International.
Read more »
Banknotes bearing portrait of King Charles III start to be rolled out across the UKThe first U.K. banknotes featuring the portrait of King Charles III are going into circulation and will coexist alongside those featuring his late mother, Queen Elizabeth II
Read more »
Portrait of King Charles III start to be rolled out on banknotes across the U.K.People have been queuing Wednesday outside the Bank of England's headquarters in London and at post offices around the U.K. to get their hands on the first U.K. banknotes featuring the portrait of King Charles III.
Read more »
King Charles III, Prince William Honor 80th Anniversary of D-DayKing Charles III and Prince William honor veterans during the 80th anniversary of D-Day celebration
Read more »
King Charles III’s face arrives on Britain’s bank notesMost Britons have only ever had one monarch in their pockets.
Read more »