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Banknotes featuring the King to be issued for first time

Banknotes carrying a portrait of the King will be issued for the first time on 5 June 2024.

The portrait of the King will appear on existing designs of all four banknotes – £5, £10, £20 and £50 – with no other changes to the existing designs.

Banknotes that feature Queen Elizabeth II will remain legal tender, and will co-circulate alongside King Charles notes.

The new banknotes will only be printed to replace those that are worn, and to meet any overall increase in demand for banknotes, to minimise the environmental and financial impact of this change.

This means the public will begin to see the new King notes very gradually.

The Bank of England also said “current or old series notes” featuring the Queen can be exchanged for the new versions from June.

This breaking news story is being updated and more details will be published shortly.

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