EconomyForex

English money featuring King Charles III unveiled

1 Mins read

THE BANK of England has unveiled its first banknotes featuring King Charles III, following the death of Queen Elizabeth II.

The notes are expected to enter circulation in mid-2024, gradually replacing those featuring Charles’s late mother, who began appearing on paper money in 1960.

There are over 4.7 billion Bank of England notes in circulation, together worth about £82 billion ($99.8 billion). Since 1956 they have been printed at the Debden Printing Works, a high-security compound in Essex.

The Royal Mint, which produces the UK’s coins, has already revealed its currency with the King’s likeness, created by the sculptor Martin Jennings. There are currently 27 billion coins in circulation carrying the Queen’s face, which will be replaced over time as they become worn.

The reverse side of the new English banknotes will continue to feature former Prime Minister Winston Churchill, author Jane Austen, painter JMW Turner and mathematician Alan Turing. — Bloomberg

Related posts
EconomyForex

PSEi ends flat as market awaits Fed policy hints

2 Mins read
BW FILE PHOTO PHILIPPINE STOCKS ended flat on Wednesday as investors stayed on the sidelines ahead of a trading break and the…
EconomyForex

‘Game-Changing Insights’: Dealers’ Business Forum ignites passion and purpose among partners

2 Mins read
By Jay Ann Bonghanoy It wasn’t just another seminar. For many dealers in the room, it marked a real turning point. On…
EconomyForex

‘Game-Changing Insights’: Dealers’ Business Forum ignites passion and purpose among partners

2 Mins read
By Jay Ann Bonghanoy It wasn’t just another seminar. For many dealers in the room, it marked a real turning point. On…
Power your team with InHype
[mc4wp_form id="17"]

Add some text to explain benefits of subscripton on your services.

Leave a Reply

Your email address will not be published. Required fields are marked *