A new design for British banknotes featuring the portrait of king Charles iii has been revealed. The Bank of England released the picture of the new banknotes, which will enter circulation in the middle of 2024.
Pictures of the king’s portrait are on the 5, 10, 20, and 50 pound polymer notes. The king’s portrait will be on the front of the banknotes and will also be seen in the see-through security window of the notes. Although the portrait on the design of the note will change to a new monarch, the reverse side remains unchanged, with the author jane Austen on the 10-pound note, JMW turner on the 20-pound note, computer scientist Alan Turing on the 50-pound note Security features including Holograms and plastic windows will remain same.
Governor Andrew Bailey said, “This is a significant moment because the king is only the second monarch to feature on our banknote.”
The tradition of having a monarch on a banknote nearly started in the 1960s. However, the Royal mint issued the first-ever coin featuring the king’s portrait on Dec 8.
The coins and the notes featuring the late queen’s portrait will continue circulating parallelly in the side and both the notes would be equally valid.
“To minimize the environmental and financial impact of this change, new notes will only be printed to replace worn banknotes and meet any overall increase in demand for banknotes,” said the bank of England.
The note launch will be one of the most noticeable changes in the royal family since the queen’s death in September.
- Published By Team Timeswire