“The king’s portrait will appear on the existing models of the four notes” of 5, 10, 20 and 50 pounds, “without further modifications” in their conception, the central bank announced in a statement.
Carlos III’s face will appear instead of his mother’s on the front of the banknotes and in the form of a medallion in the transparent security window thereof, according to the images shown by the monetary institution.
The portrait is an engraving made from a photo “provided by the royal family in 2013” and has been completed in recent months, with the monarch’s approval, a Bank of England spokesman told AFP.
Polymer banknotes, which have been replacing paper money in the UK since 2016, will be produced on a large scale from the first half of 2023 and enter circulation the following year.
Banknotes with the image of Elizabeth II will continue to circulate in parallel and will only be withdrawn when they are damaged to “minimize the environmental and economic impact” of the change of monarch, at the request of the Royal House itself.
The first coins with the effigy of Carlos III entered into circulation at the beginning of December.
The entrance United Kingdom unveils the first banknotes with the effigy of Carlos III was first published on newspaper TODAY.
