By
Fatimah Idera
The Bank of England has released new designs for British pound banknotes featuring King Charles III.
This was stated by the Bank via its verified page, adding that the new notes will be in circulation by mid-2024, and nothing about the design will change, apart from the image of the monarch.
The bank added that the king’s portrait would appear on existing designs for all four of its polymer banknotes currently in circulation – £5, £10, £20 and £50.
While unveiling the newly designed notes, the Governor of the Bank of England, Andrew Bailey, said, “This is a significant moment, as the king is only the second monarch to feature on our banknotes.”
According to the bank, this is in keeping with royal household guidance to reduce the environmental and financial impact of the transition.
The king’s image would appear on the front of the bank notes which are made from polymer plastic.
However, the banknotes featuring Queen Elizabeth II would also continue to remain legal tender, allowing the public to carry on using them as normal.
The launch of the note would stand as one of the most prominent changes for royal symbols since the death of the Queen in September, alongside new coins and stamps.
