bank of england new banknotes

King Charles III banknotes unveiled

The King Charles III banknotes’ design has been announced by the Bank of England. The £5, £10, £20, and £50 polymer banknotes all feature the King’s likeness. The rest of the banknotes’ design will not change. The front of the banknotes and the transparent security window will both bear the portrait of the King. Similar to Queen Elizabeth II polymer banknotes, they can be checked.


The new banknotes are to enter circulation by mid-2024. Queen Elizabeth II and the King will be in circulation at the same time. The new banknotes will only be printed to replace those that are worn and to meet any overall increase in demand for banknotes.


“I am very proud that the Bank is releasing the design of our new banknotes which will carry a portrait of King Charles III,” Bank of England governor Andrew Bailey said in a release Tuesday. “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.”

the first coins bearing the official effigy of King Charles III entered circulation. The 4.9 million 50 pence coins feature the King’s portrait, and on the reverse, a design symbolizing the “life and legacy” of the late Queen, according to the Royal Mint.


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