The Royal Mint has confirmed that coins featuring Charles’ portrait will also be co-circulated with those depicting the late Queen, in an attempt to minimise the environmental and financial impact of the change.
The current polymer series will remain present with no additional changes to the actual design, the Bank of England said.
The UK’s central bank confirmed that the updated banknotes will be revealed at the end of this year, but the currency won’t be in circulation until mid-2024.
King Charles’ face will appear on banknotes and coins
Coins featuring the new King will show him facing to the left, while Queen Elizabeth II’s effigy faces to the right.
It is a tradition from the 17th century to alternate the way successive monarchs are facing.
Anne Jessopp, chief executive officer at the Royal Mint, said: “The first coins bearing the effigy of His Majesty King Charles III will enter circulation in line with demand from banks and post offices.
“This means the coinage of King Charles III and Queen Elizabeth II will co-circulate in the UK for many years to come.”
Charles ascended the throne after the Queen died
The currency won’t be in circulation until 2024
As well as changes to the country’s currency, there will be other additional everyday changes set to impact the nation.
Stamps will also change, as the Royal Mail confirmed: “New stamps featuring King Charles will enter circulation once current stocks of stamps are exhausted”.
Existing stamps that feature the late Queen will be distributed and issued as planned, to minimise the environmental and financial impact.
Money with the late Queen’s face and Charles’ face will co-circulate for some time
Passports will also be issued in Charles’ name, with the wording in the document set to be changed at some point in the future.
Her Majesty’s Passport Office will become His Majesty’s Passport Office, as is the case with HM Armed Forces and HM Prison Service.
The new monarch will also need a new Royal Cypher, which is the monogram impressed upon royal and state documents.
The Queen’s ERII features on traditional police helmets and post boxes, but could be changed to include Charles’ cypher in the near future.
Source: EXPRESS CO UK