UK to introduce new banknotes, stamps with King Charles III’s image. See details
The Royal Mail confirmed the printing of new stamps and banknotes with King Charles III’s picture by mid-2024.
By ET Spotlight Special |
Agencies
After the demise of the Queen, there will be printing and circulation of new stamps and banknotes with King Charles III’s picture by mid-2024. The King's portrait will be on the existing designs of banknotes of £5, £10, £20, and £50. As confirmed by the Royal Mail, stamps of the first and second class, including issues of special stamps, will also replace the Queen’s image with Charles’s silhouette. However, the Royal Mint claimed that coins featuring King Charles III would be circulated in a few months.
The Bank of England, in a press release, said that the new notes would only be printed to replace the damaged or worn notes and to meet the demand for notes.
However, the launch dates of some of the special stamps may be rescheduled. After the exhaustion of the current stock of stamps, new stamps will be circulated.
The Bank of England, in a press release, said that the new notes would only be printed to replace the damaged or worn notes and to meet the demand for notes.
Statement given by the Royal Mail
As per the Royal Household’s guidance, the stock of stamps and special stamps featuring the Queen’s silhouette will be distributed as decided earlier to maintain the financial and environmental impact of the monarch’s change.
However, the launch dates of some of the special stamps may be rescheduled. After the exhaustion of the current stock of stamps, new stamps will be circulated.
FAQs
- Will the notes featuring the Queen be illegal to use?
No, the banknotes with the Queen's portrait will continue to be legal tender. Only damaged or torn notes will be removed. - Will the coins with the Queen’s image be used?
Approximately 27 billion coins are circulating in the UK with the Queen’s portrait. To ensure the least environmental impact and cost, coins featuring the late monarch will likewise be actively circulated, as articulated by the Royal Mint.
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