In a significant milestone, the United Kingdom has introduced new bank notes featuring the portrait of King Charles III, marking a new era in British currency.
The new bank notes, which were first issued today, showcase the King’s image on the existing designs of all four denominations: £5, £10, £20 and £50. This change follows the tradition of featuring the reigning monarch on British bank notes.
The introduction of the new bank notes is a gradual process with the King Charles III notes being released alongside those featuring Queen Elizabeth II. The new notes will only be printed to replace worn-out notes and meet any increase in demand.
The public can exchange their old notes for new ones at selected Post Office branches across the UK until June 30, with a limit of £300. This move is expected to modernize British currency and reflect the country’s changing history.
The Bank of England has confirmed that the new notes will maintain the same security features and designs as the existing notes, ensuring a seamless transition for the public.
