King Charles III Won’t Appear on British Money for Nearly 2 Years, Introduces New Royal Cipher

usmagazine.com:

Change in the air. Now that King Charles III is officially the monarch of the United Kingdom, the country is undergoing some major adjustments, but one thing is staying the same for now: the money.Bank notes in the U.K.

currently feature the face of Queen Elizabeth II, but bills showing her 73-year-old son’s image won’t appear until mid-2024.

The Bank of England announced on Tuesday, September 27, that they plan to unveil the new notes by the end of 2022, but they won’t appear in circulation for nearly two years.“In line with guidance from the Royal Household to minimize the environmental and financial impact of the change of monarch, existing stocks of notes featuring HM Queen Elizabeth II will continue to be issued into circulation,” the bank added in a statement. “New notes will only be printed to replace worn banknotes and to meet any overall increase in demand for banknotes.”This means that old bank notes featuring the queen’s image will continue to circulate alongside new bills for years to come.

The Royal Mint, meanwhile, noted that all coins with a portrait of Elizabeth will remain legal tender, but announced that new coins featuring Charles will debut in the future.“The first coins bearing the effigy of His Majesty King Charles III will enter circulation in line with demand from banks and post offices,” the Mint said in a press release on Tuesday. “There are approximately 27 billion coins currently circulating in the U.K.