New notes for a new King!
Tuesday December 20, 2022
New banknotes for 2024..
….just look at our new King!
New notes to hit our wallets during 2024.
A portrait of The King has replaced that of Queen Elizabeth II, with no other changes to the existing design. It retains all its existing security features.
The portrait will appear on the front of the note, as well as in cameo on the back’s see-through security window.
Andrew Bailey, governor of the Bank of England, 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.”
All polymer banknotes carrying a portrait of Queen Elizabeth II will remain legal tender.
According to guidance from the Royal Household, new banknotes will only be printed to replace worn notes or to meet increased demand for cash. This will minimise the environmental and financial impact of the change.
Notes featuring Queen Elizabeth II and The King will therefore co-circulate.
Stocks of stamps with Queen Elizabeth II’s portrait, the Royal Mail announced in September, will likewise be used until exhausted, when new stamps will be issued with The King’s likeness.
information issued by Printweek 20th December 2022.