Connect with us

Hi, what are you looking for?

Editor’s Pick

King Charles III bank note designs revealed by Bank of England

Designs for bank notes featuring an image of King Charles III have been revealed by the Bank of England, with plans to enter circulation by mid-2024.

Announcing the design for the first time in the run-up to the coronation in May, the UK central bank said the king’s portrait would appear on existing designs of all four of its polymer bank notes currently in circulation – £5, £10, £20 and £50.

The king’s image will appear on the front of the bank notes, as well as in the see-through security window on the notes, which are made from polymer plastic. Notes featuring Queen Elizabeth II will also continue to remain legal tender, allowing the public to carry on using them as normal.

Threadneedle Street said plans had been made in line with guidance from the royal household to minimise the environmental and financial impact of the change by only printing new notes to replace worn bank notes, and to meet any overall increase in demand for the currency.

This will mean notes featuring Queen Elizabeth II and King Charles III will “co-circulate”, it said.

King Charles will become only the second monarch in British history to feature on a bank note. Although paper money has been produced by the Bank of England since the late 1600s, a likeness of the reigning monarch was first featured in 1960, when the £1 note showing Queen Elizabeth II was introduced for everyday use. Coins have, however, featured the monarch for centuries.

The Queen’s head also features on some $20 banknotes in Canada, on coins in New Zealand, and in some other Commonwealth nations.

Usage of physical currency has steadily fallen in recent years amid the rise of card and contactless payments. However, more than 4.7bn Bank of England notes featuring the Queen remain in circulation, worth about £82bn.

It comes after the gradual phasing out of paper bank notes and the bringing in of those printed on polymer – a thin and flexible plastic material – since the introduction of the £5 note featuring Winston Churchill on the reverse in 2016.

Although the note designs revealed by the Bank will feature a new portrait of the monarch, the reverse side will remain unchanged, with the author Jane Austen on the £10 notes, the artist JMW Turner on the £20 ones and the computer scientist Alan Turing on the £50 notes. Security features, including holograms and plastic windows, will also remain unchanged.

The launch of the note will stand as one of the most prominent changes for royal symbols since the death of the Queen in September; alongside new coins, stamps and the king’s CR monogram to be used on state documents and postboxes.

Andrew Bailey, the Bank’s governor, 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.”

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



A VIEW of the city skyline in Shanghai, China, Feb. 24, 2022. — REUTERS SHANGHAI — Chinese state media on Thursday cautioned against risks...


REUTERS SEOUL — South Korea’s anti-trust regulator said on Thursday it would impose a combined fine of 42.3 billion won ($33.48 million) on three...


CHRIS BARBALIS-UNSPLASH JAPAN is exchanging information on Chinese spy balloons with the United States, top government spokesperson Hirokazu Matsuno said on Thursday. There have been confirmations of suspected balloons flying over Japan,...


CODY LOGAN/WIKIMEDIA COMMONS SYDNEY — The Australian government will examine surveillance technology used in offices of the defense department, Defence Minister Richard Marles said...


CODY LOGAN/WIKIMEDIA COMMONS SYDNEY — The Australian government will examine surveillance technology used in offices of the defense department, Defence Minister Richard Marles said...


SEOUL — Nuclear-armed North Korea showcased its missile production muscle during a nighttime parade, state media reported on Thursday, displaying more intercontinental ballistic missiles...

You May Also Like


COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...


REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...


BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...


KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...

Disclaimer: Respect, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.