Dubai, United Arab Emirates (CNN) – The Bank of England on Tuesday revealed the first images of banknotes featuring the image of King Charles III of Great Britain.
The image of King Charles will appear on the £5, £10, £20 and £50 coins, while the rest of the coin designs will remain as they currently are, bearing the image of the late Queen, Elizabeth II.
The new banknotes will enter circulation in mid-2024, according to the Bank of England, and coins featuring the late Queen’s image will remain usable.
Bank of England Governor Andrew Bailey said: “This is a historic moment, as the King is the second monarch to appear on our banknotes.”
The reverse side of British pound banknotes will remain unchanged – current designs feature images of Winston Churchill, Jane Austen, JMW Turner and Alan Turing on the reverse.
“To minimize the environmental and financial impact of this change, only new banknotes will be printed to replace worn banknotes and to meet any general increase in banknote demand,” the Bank of England said in a press release.
