Despite his cancer, the King did not miss this unique meeting and received the Governor of the Bank of England, Andrew Bailey, and his counterpart, the Treasurer and Managing Director of the Bank of England, Sarah John. At this meeting, new banknotes were presented for the first time with the now not so new portrait of the king.
From the summer, payments will be made with King Charles notes
The royal family's official Instagram channel shared a photo of the meeting as well as a close-up of a £10 note with Charles' portrait. According to the announcement of the Bank of England, the 5, 20 and 50 pound banknotes will also be put into circulation from June 5.
The Instagram post also explains: “This is the first time the Bank of England has changed the image of a monarch on a banknote (Queen Elizabeth II was the first monarch to appear on a Bank of England banknote in 1960).”
King Charles notes are only substitute money
In a statement, the Bank of England also notes that banknotes bearing the portrait of the late Queen Elizabeth II (1926-2022) will remain legal tender and will be used alongside those of King Charles III. is in circulation. “New banknotes are printed only to replace worn out banknotes and to meet the general increasing demand for banknotes.”
Author (eee/spot)