British Banknotes

The first images of banknotes featuring Britain's King Charles III were unveiled on Tuesday by the Bank of England. Charles' portrait will appear on English notes of £5, £10, £20, and £50. Meanwhile, the rest of the design will remain the same as the current notes that feature the late Queen Elizabeth II on the front. The reverse side of the notes will remain unchanged -- the current designs feature portraits of Winston Churchill, Jane Austen, JMW Turner, and Alan Turing on the reverse of the £5, £10, £20, and £50 notes, respectively . And to minimize the environmental and financial impact of this change, new notes will only be printed to replace worn banknotes and to meet any overall increase in demand for banknotes. The new banknotes are expected to enter circulation by mid-2024 and will co-circulate with notes featuring the Queen's portrait, which will remain legal tender in the UK, according to the bank.