The Bank of England unveils the first banknotes bearing the image of King Charles III

Yesterday, the Bank of England revealed the first banknotes bearing the image of King Charles III, who ascended the throne after the death of his mother, Queen Elizabeth II, on September 8, indicating that these polymer coins will be put into circulation as of mid-2024



. The British Central Bank announced in a statement That “the king’s image will appear on the current models of banknotes of the four denominations,” which are 5, 10, 20, and 50 pounds sterling, without “any other modification” in their design.



The image of Queen Elizabeth is now printed on one side of the coin, as well as inside the watermark on this coin.



And the image of Charles III will replace the image of his mother in both of these places, according to models revealed by the monetary institution.



A spokesman for the British Central Bank told AFP that the image printed on this money is a drawing based on a picture “submitted by the royal family in 2013,” noting that the king approved the final drawing that was completed in recent months.



And in 2016, the United Kingdom began a gradual process of replacing paper currencies with ones made of polymer.



The new coins will be made of polymer material, and will start to be produced in large quantities from the first half of next year, in order to be ready for circulation as of mid-2024



. The banknotes bearing the image of Elizabeth II will continue to be circulated in parallel with the new money, and they will not be withdrawn from circulation unless they are damaged. "To reduce the environmental and financial impact," according to the directives of the royal palace, according to the statement.



In early December, the Central Bank put on the market the first coins with the image of King Charles III engraved on them.



In the United Kingdom, there are currently about 27 billion coins bearing the image of the late Queen Elizabeth II.

This money, in turn, will remain valid and will not be replaced unless it is damaged or damaged.

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