Banknotes with the image of the old ruler are also still valid currency.
The Bank of England has been started by the Queen of Elizabeth II the king of picture pound replacements of Charles III with banknotes decorated with faces.
The images of the queen, who died in September 2022, will not disappear from wallets very quickly, as new banknotes are introduced as the old ones break down. The introduction of Charles pounds would be accelerated if the demand for cash increased for some reason.
However, the trend is the opposite. The use of cash is rapidly declining, and King Charles may even become the last monarch to appear on banknotes. British broadcasting company BBC points out in its news about the new notes that a survey found that 48 percent of Britons believe that cash will become obsolete in their lifetime.
Before Queen Elizabeth, the portrait of the monarch was not printed on banknotes. Elisabet, who started as monarch in 1952, got her face on a banknote for the first time in 1960.
Printing of Charles banknotes already started last year, but their launch has been slowed down by the fact that all machines had to be updated to recognize the new banknotes.
The side profile of Charles was already struck on the coins in December 2022. Charles was printed on the postage stamp in March 2023.
In Scotland and Northern Ireland, the monarch’s face is not printed on banknotes.
Although the image of the monarch on the banknotes is now changing, even the most recent Elizabeth series banknotes are still valid currency. You can check From the website of the Bank of Englandwhich banknotes are no longer in use.