The first banknotes bearing the effigy of Charles III, who became king after the death of his mother Queen Elizabeth II on September 8, which will enter circulation in mid-2024 in the United Kingdom, were unveiled on Tuesday December 20 by the Banque from England.
"The king's portrait will appear on the existing models of the four banknotes"
of 5, 10, 20 and 50 pounds,
"without further modification"
in their design, the central bank announced in a press release.
The image of Charles III will appear instead of his mother's face on the front of the banknotes and inset in the transparent security window, according to the visuals unveiled by the monetary institute.
The portrait is an engraving made from a photo
"provided by the royal family in 2013"
and the visuals, finalized in recent months, have been validated by the monarch, a spokesperson for the Bank told AFP. from England.
Polymer banknotes - which have gradually replaced paper money in the UK since 2016 - will be produced on a large scale from the first half of 2023 before entering circulation the following year.
Banknotes bearing the image of Elizabeth II will continue to circulate in parallel and will only be withdrawn when they are damaged to
"minimize the environmental and financial impact"
of the change of monarch, following the directives of the Royal House, specifies the communicated.
The first coins with the effigy of Charles III came into circulation in early December, appearing in post offices across the country.
Some 27 billion coins are currently in circulation in the UK, bearing the face of the late Elizabeth II: they too will remain valid and will only be replaced when damaged or worn.