What will new UK banknotes look like after Queen Elizabeth's death? - Europe - International

What will new UK banknotes look like after Queen Elizabeth’s death? – Europe – International

Posted On: September 17, 2022

The death of Queen Elizabeth II of UK He continues to give something to talk about, even though a week has passed since his death. The coronation of his son Carlos III as the new monarch of the British country will bring about changes.

One of the most important this will be the coin and note design of the currency that is handled in the British isleas well as that of other countries belonging to the Commonwealth of Nations (Commonwealth).

Traditionally, When there is a change of reign, changes are made to national symbols, such as the anthem of the United Kingdom, and to documents such as the passport.

The 50 pound note is the highest denomination of currency.

(You may be interested: Who will keep Queen Elizabeth II’s corgi dogs? Question resolved).

In the case of money, this will have a modification in its design, then, gradually, the new banknotes and coins with the face of King Carlos III will begin to circulate. It will be the first time in 70 years that this radical change will be made.

During Elizabeth II’s time on the throne, a total of five different portraits of the monarch were featured on banknotes and coins of all denominations of sterling. It also appeared in other currencies such as the Canadian dollar and the Australian dollar.

gradual transition

There are around 4.5 million banknotes in circulation, according to the UK’s Central Bank, which would represent a combined amount of £80 billion (404.5 billion pesos).

(Also: Death of Elizabeth II: They reveal what her funeral will look like next Monday).

Similarly, according to information from the Royal Mint, around 29 billion coins are also circulating in Great Britain, as well as in other countries of the Commonwealth.

Therefore, according to information from ‘The Guardian’ newspaper, the process of replacement of the face of Isabella II by that of Carlos III in all denominations of sterling, it would take about two years.

Thus, banknotes and coins with the face of the recently deceased queen will continue to circulate for several more years, in addition to coexisting with the new ones.

(Read also: The Isabel II car collection that King Carlos III will inherit).

UK monetary authorities have not given dates to start replacing banknotes and coins in circulation, because the denominations with the face of Isabel II will continue in legal tender.