The Bank of England has unveiled its first banknotes featuring King Charles III, following the death of Queen Elizabeth II.
The notes are expected to enter circulation in mid-2024, gradually replacing those featuring Charles’s late mother, who began appearing on paper money in 1960.
There are over 4.7 billion Bank of England notes in circulation, together worth about £82 billion ($99.8 billion). Since 1956 they have been printed at the Debden Printing Works, a high-security compound in Essex.
The Royal Mint, which produces the UK’s coins, has already revealed its currency with the King’s likeness, created by the sculptor Martin