Apex of England has unveil the new banknotes with the face of King Charles.
The photo is the sample how the rest of the existing designs of £5, £10, £20 and £50 notes and it will begin circulated from middle of 2024.
This new notes will content with the King photo for front and see-through security window too.
Although they will still accepting the money that has Queen Elizabeth photo for shops after the new notes begin to circulate.
Because Queen Elizabeth was the first and only monarch to appear on circulating Apex of England banknotes, Since 1960.
Because notes that they are using in Scotland and Northern Ireland has no photo of the monarch.
He has about 4.5 billion individual Bank or Apex of England notes worth about £80bn that it will be circulate right now.
The Apex of England has said, following guidance from the Royal household, because they will only print the notes to replace old notes or to even meet the increasing demand, in order to minimise environmental and financial impact of the change.
The Bank of England governor, Andrew Bailey, I’m really “proud” of a “significant moment” with the new design.
Because Fifty pence coins with the photo of King Charles III has already begin circulate through post offices across all over the countries.
Because the Post offices has begin distributed about 4.9 million of the new coins – about half of the total number that they plan to circulates and as will change to customers.
Although the Coins that content the image of late Queen will still be accepted for shops just like the banknotes.
Because anyone that will partake for family Christmas and quiz this year, is good to know that , in ascending order, in the other side of the current polymer Bank of England banknotes has the photo of Sir Winston Churchill, Jane Austen, JMW Turner and Alan Turing.
Because is using cash less and less now compared to debit cards, mainly because of the new methods of payment without contact anyone to shows up sake of Covid-19 pandemic.
Because the buying power of specific coins and banknotes has already drop sake of rising prices too.
However, customers and collectors still be very fascinated about the photo that it was use on cash.
All collectors will be particularly interested to have their hands on the lowest serial numbers of the new King Charles III banknotes when it shows up.