The replacement of banknotes with the face of Queen Elizabeth II with that of her successor will be done gradually and will not involve additional costs, says the Bank of England

Pound sterling notes with the face of King Charles III on them will enter circulation in the United Kingdom from June 5, 2024, the Bank of England said.

Charles’ image will be present on all 4 existing pound notes (£5, £10, £20 and £50). No other changes will be made to the design. See what the new ballots will look like:

The previous model, which features a photo of Queen Elizabeth II, will continue to be in circulation. According to the Bank of England, new banknotes are being printed “only to replace those that are worn out and to respond to any overall increase in demand for banknotes”.

Our approach is aligned with the Royal Household guidelines [casa da moeda do Reino Unido], to minimize the environmental and financial impact of this change. This means that the public will begin to see King Charles III’s new notes very gradually.”, explained the institution.

The population will be able to exchange a limited amount of old banknotes for new ones. To do this, you must go to a Bank of England branch from June 5th.

Disclosure/Bank of England

Sterling banknotes with the face of Queen Elizabeth II

An auction of banknotes with low serial numbers will be held by the specialized company Spink & Son. The amount raised will be donated to charities.


Leave a Reply

Your email address will not be published. Required fields are marked *