Sophie Kiderlin is a reporter for CNBC Make It and CNBC International.
LONDON — Banknotes featuring a portrait of King Charles III entered circulation on Wednesday for the first time, the Bank of England said in a statement. Charles will be pictured on the front of the £5, £10, £20, and £50 banknotes, and will be seen through the notes’ see-through security window. Otherwise the notes will remain unchanged in their design. As well as monarchs, banknotes in the U.K.
The two monarchs are the only ones to be depicted on banknotes, as this tradition only began in 1960. “The new banknotes will only be printed to replace those that are worn, and to meet any overall increase in demand for banknotes,” the Bank of England said. “This means the public will begin to see the new King Charles III notes very gradually.” “This is a historic moment, as it’s the first time we’ve changed the sovereign on our notes,” Bank of England Governor Andrew Bailey said.
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 unveils his first official portrait since his coronationKing Charles III unveiled his first completed portrait since the coronation, a vivid image in reds depicting the monarch in the uniform of the Welsh Guards. The unveiling of the portrait by Jonathan Yeo took place at Buckingham Palace on Tuesday.
Read more »
King Charles III unveils his first official portrait since his coronationKing Charles III unveiled his first completed portrait since the coronation, a vivid image in reds depicting the monarch in the uniform of the Welsh Guards.
Read more »
King Charles III unveils his first official portrait since his coronationKing Charles III unveiled his first completed portrait since the coronation, a vivid image in reds depicting the monarch in the uniform of the Welsh Guards.
Read more »
King Charles III unveils his first official portrait since his coronationKing Charles III unveiled his first completed portrait since the coronation, a vivid image in reds depicting the monarch in the uniform of the Welsh Guards.
Read more »
King Charles III unveils his first official portrait since his coronationKing Charles III has unveiled the first portrait of the monarch completed since he assumed the throne, a vivid image that depicts him in the bright red uniform of the Welsh Guards against a backgro…
Read more »