It is a double image of King Charles III that appears on the new banknotes unveiled by the Bank of England and which will enter circulation by mid-2024. While the design remains the same as the current banknotes, where the late Queen Elizabeth II is portrayed Instead, Charles’s portrait will appear on the first reverse of British £5, £10, £20 and £50 notes. The image of the sovereign will be double because the cameo in the transparent security window will also portray Carlo. The reverse will remain unchanged, with portraits of Winston Churchill, Jane Austen, Jmw Turner and Alan Turing respectively on the £5, £10, £20 and £50 notes.
Today we unveiled the design of the King Charles III £5, £10, £20 and £50 banknotes. They are expected to enter circulation by mid-2024. You can continue to use polymer banknotes with a portrait of Queen Elizabeth II. Visit our website for more details. https://t.co/i5eqAhxrKY pic.twitter.com/BkYTZ0VopZ
— Bank of England (@bankofengland) December 20, 2022
The old banknotes, those with Elizabeth, will continue to circulate, as stated in a statement from the central bank of the United Kingdom. “This is a significant moment, as the King is the second monarch to appear on our banknotes,” said Bank of England Governor Andrew Bailey. “To minimize the environmental and financial impact of this change, new banknotes will only be printed to replace worn ones and to meet an overall increase in demand for banknotes,” the Bank of England added.
In early December, the first coins bearing the official effigy of King Charles III entered circulation. And, on the reverse, a design symbolizing the late Queen’s “life and legacy,” according to the Royal Mint.