King Charles IIIThe portrait of will soon appear in portfolios.
Following the death of Queen Elizabeth IIthe Bank of England will print new banknotes featuring Charles, who became king on the death of his mother on September 8. For those wondering if your Queen Elizabeth banknotes will soon become a relic of the past, the Bank of England has released a statement detailing how Her Majesty will continue to be commemorated through the country’s currency.
The late monarch has appeared on banknotes since 1960, after the UK Treasury gave permission to the Bank of England in 1954 to use her portrait on coinage. The Bank of England currently circulates £5 with Winston Churchill£10 with Jane Austen£20 with JMW Turner and £50 with Alan Turing banknotes – soon joining them will be the portrait of Charles.
Read on for details on England’s money after the Queen’s death.
How will the currency change after Queen Elizabeth’s death?
King Charles III will feature on new bills from 2024, although silver with the Queen’s portrait will remain valid.
Will King Charles III be impounded?
Yes, the portrait of King Charles will appear on the front of all banknotes, while other iconic British characters will appear on the back. The Bank of England states that “no further changes will be made to the banknote designs”.