Queen on the bills and coins: what's happening to the pound now?
Created: 09/09/2022, 12:52 p.m
By: Janine Napirca
The portrait of Queen Elizabeth II adorns numerous banknotes and coins, not only in the United Kingdom.
What happens to the banknotes after her death?
With the death of Queen Elizabeth II, the throne passed to her son, King Charles III.
about, who was previously Prince of Wales.
This affects, among other things, the English currency.
Because the portrait of the English Queen still adorns numerous banknotes and coins, even outside of the United Kingdom.
According to a report by RTL.de
, Queen Elizabeth II can
also be seen on the $20 banknotes in Canada, on coins in New Zealand and on all coins and banknotes issued by the Central Bank of the Eastern Caribbean .
New banknotes and coins due to the death of Queen Elizabeth II.
In the future, however, King Charles III.
be depicted on the corresponding banknotes and coins.
In total, according to
The Guardian
, 4.5 billion pound notes bearing the portrait of the Queen are said to be in circulation – worth a total of 80 billion pounds.
It is estimated that it could take up to two years for the money to be raised through the portrait of King Charles III.
is replaced.
Queen Elizabeth II has died at the age of 96.
What does this mean for English banknotes and coins?
© Michael Weber/imago
Have you ever looked closely at the euro coins in your wallet? That's behind the hidden letters.
How will the new notes and coins featuring King Charles III.
look?
While King George VI, Queen Elizabeth II's father, looked to the left at the banknotes, she shifted her gaze to the right.
According to
The Royal Mint
, it is traditional for the successor to always look in the opposite direction of the deceased.
So it can be assumed that King Charles III.
just like his grandfather will look to the left at British banknotes and coins.
The time before the euro: Who still knows these currencies?
View photo gallery
When the last synthetic £50 notes were issued, the recall and replacement by the Bank of England
had taken 16 months, according to a report by
The Standard .
According to the report, however, exchanging the corresponding coins with the portrait of the Queen should take even longer, because normally these are not confiscated, but simply reproduced in the new design.
According to
N-tv
, the new banknotes bearing the image of King Charles III will initially be issued.
issued and then post offices and banks collect the currency with the portrait of Queen Elizabeth II per transaction.
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