The introduction of new British banknotes and stamps bearing the likeness of King Charles III will be implemented gradually.
The Royal Mail and the Bank of England said on Tuesday they had received advice from the royal household of Charles.
The orientations were aimed at minimizing costs and ensuring a sustainable transition.
Updated banknotes bearing the king’s portrait will be revealed by the end of the year, the Bank of England has announced.
The banknotes are expected to enter circulation by mid-2024, with Charles’ portrait appearing on existing designs of the £5, £10, £20 and £50 banknotes.
The Royal Mail has also confirmed that the King’s image will replace Queen Elizabeth II on new 1st and 2nd class definitive stamps, as well as all other denominations.
Special stamp issues will also feature a silhouette of Charles.
The Royal Mail said: “In line with guidelines from the Royal Household, in order to minimize the environmental and financial impact of the change of monarch, existing stocks of definitive stamps featuring the late Queen and special stamps which use her silhouette will be distributed. and issued as expected.
“The launch dates of some of the special stamps may change.
“New stamps depicting King Charles will come into circulation once current stocks of stamps are exhausted.”
The Bank of England issued a press release with similar wording, stating that existing stocks of banknotes depicting the Queen would continue to be issued and that new banknotes were only being printed to replace worn out ones and to meet upon request for tickets.
Banknotes featuring the Queen’s portrait would continue to be legal tender and would only be deleted if worn or damaged.
Charles’ passion for promoting sustainability and the environment when he was Prince of Wales is well known.
The Royal Mint has said coins stamped with the king’s likeness are expected to enter circulation in several months.
Coins featuring the late monarch will also remain legal tender and in active circulation, which has happened in the past, ensuring a smooth transition with minimal environmental impact and cost, the Mint said. royal.
There are around 27 billion coins in circulation in the UK stamped with the Queen’s likeness and these will be replaced over time as they become damaged or worn out, and to keep up with coin demand additional.
The new King’s Cipher has been revealed and over the coming years and months it will gradually appear on government buildings, state documents and on some mailboxes.
The cipher feature is the King’s initial C interlaced with the letter R for Rex – Latin for King – with III in the R denoting Charles III, with the crown above the letters.
dpa/NAN.
