After Queen Elizabeth dies, new banknotes with the picture of King Charles III, the next king, will be printed. This will cause England’s currency to change. Entertainment Tonight reported on Monday that the Bank of England said new banknotes with King Charles III on them would be released by the end of the year.
There have been rumours that King Charles’s picture will be on all four polymer banknotes, which range in value from 5 to 50 pounds. Even though it may be a while before these notes are used, they will be a continuation of the current polymer series, and the designs will not be changed again. After Queen Elizabeth, who was the longest-ruling queen in British history and died on September 8 at the age of 96, the money changed.
In the press release, it was also said that the Queen Elizabeth II-themed banknotes that are already in use will stay in use. As part of the royal household’s efforts to reduce “the environmental and financial impact of the change of monarch,” new banknotes will only be made to replace worn-out ones or to meet a general rise in demand.
Reuters also said that the first coins with King Charles III on them will be put into circulation because banks and post offices asked for them. The Bank of England also said that banknotes with a picture of Charles were expected to be in use by the middle of 2024. All current bills and stamps with pictures of the queen have also been ruled to be valid.