September 27, 2022
The introduction of new British banknotes and stamps featuring King Charles III’s image will be implemented gradually.
The Royal Mail and Bank of England on Tuesday said they have received guidance from Charles’ royal household aimed at minimising cost and ensuring a sustainable transition.
Updated banknotes bearing the portrait of the King will be revealed by the end of the year, the Bank of England has said.
The notes are expected to enter circulation by mid-2024 with Charles’ portrait appearing on existing designs of the £5, £10, £20 and £50 banknotes
The Royal Mail also confirmed the King’s image will replace Queen Elizabeth II on new 1st and 2nd Class definitive stamps, as well as all those of other values.