The Bank of England have unveiled the new look for bank notes - the first batch featuring King Charles III.
Images of the new £5, £10, £20 and £50 notes have been shared. They show the King's portrait, which was supplied by Buckingham Palace back in 2013, with minor tweaks being made in the years since as he aged.
No changes will be made to the figures featured on the obverse of the notes, which are currently Winston Churchill, Jane Austen, JMW Turner and Alan Turing in ascending order of value. The design of notes will also continue to follow the existing colour scheme and patterns introduced with the switch to polymer in 2017.
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Speaking before the notes were revealed, Bank of England Governor Andrew Bailey said: "I am very proud that the Bank is releasing the design of our new banknotes which will carry a portrait of King Charles III."
He added: "This is a significant moment, as the King is only the second monarch to feature on our banknotes. People will be able to use these new notes as they start to enter circulation in 2024."
But with new bank notes coming into circulation, when can you get your hands on them and when should you stop using tender with the Queen's face on? Here is everything you need to know.
When do the King Charles III bank notes come into circulation?
The new notes are expected to enter circulation by mid-2024. All existing notes featuring the late Queen will continue to be legal tender. Roll-out is expected to be gradual, with The Royal Household requesting that the notes only be introduced to replace damaged tender or to meet increases in demand. Notes featuring HM Queen Elizabeth II and King Charles III will therefore co-circulate.
When and where should I change old bank notes?
If you have a UK bank account, the simplest and quickest way to exchange your notes will normally be to deposit them with your bank or with the Post Office. Alternatively, you can exchange withdrawn banknotes with selected Post Office branches or with the Bank of England.
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