Bank of England unveils new banknotes with image of King Charles III

England unveiled their new designs of banknotes with the image of King Charles III on Tuesday. It will be circulated by mid of the year 2024. After Queen Elizabeth II passed away in September this year, Charles succeeded her as the new monarch of the UK. 

The central bank said that the portrait of The King would debut on the existing design of all four polymer banknotes, i.e. £5, £10, £20 and £50. There will be no other changes in the current designs of the banknotes. The picture of King Charles III will appear on the front of the banknotes and in a cameo in the see-through security window.

Previously, the Royal Mint made the announcement saying that the first coins with the image of King Charles III entered the circulation earlier this month. The image of Charles on the new banknotes is from a photograph owned by the royal household. 

The King himself approved the design and image of the banknotes in the recent months. The production will start by the first half of 2023. However, notes with the image of the Queen will still remain legal tender and can continue to be in use.

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