The Bank of England have unveiled the first banknotes featuring King Charles III
The first banknotes that feature King Charles have been unveiled by the Bank of England. According to Sky News, the notes will enter circulation from the middle of 2024 and gradually replace the ones that feature the late Queen Elizabeth II. Bank of England governor, Andrew Bailey, said: "I am very proud that the bank is releasing the design of our new banknotes, which will carry a portrait of King Charles III."
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."The Queen first featured on the Bank of England notes in 1960. She was the first monarch to do so.
It's been said that the notes featuring the Queen could remain in circulation for many years, as they will remain legally valid and banks will be able to withdraw them when they are worn out.Earlier this month, the first coins featuring King Charles entered circulation.Rebecca Morgan, director of collector services at the Royal Mint, stated at the time: "Today marks a new era for UK coinage, with the effigy of King Charles III appearing on 50ps in circulation."It's a fantastic opportunity for coin collectors to add to their collections, or start one for the first time."