# Bank of England unveils King Charles III banknotes

- Link: https://fundraising.co.uk/2022/12/20/bank-of-england-unveils-king-charles-iii-banknotes/
- Published: 2022-12-20T08:13:39+00:00
- Author: Melanie May

**The Bank of England has today unveiled the design of the King Charles III banknotes,
which are expected to enter circulation by mid-2024. **

All polymer banknotes carrying a portrait of HM Queen Elizabeth II will remain legal
tender, with new notes only printed to replace worn banknotes and to meet any overall
increase in demand for banknotes. This means notes featuring the Queen and King 
Charles III will co-circulate. 

The new notes will see the portrait of The King appear on existing designs of all
four polymer banknotes (£5, £10, £20 and £50), with no other changes to the existing
designs.

## Advertisement

The King’s image will appear on the front of the banknotes, as well as in cameo 
in the see-through security window.

![New King Charles III £10 banknote](https://wfay6x.infiniteuploads.cloud/2022/12/
52573412241_ee4cfed2ed_c.jpg)

Bank of England. Attribution-NonCommercial-NoDerivs 2.0 Generic (CC BY-NC-ND 2.0)

Governor Andrew Bailey said:

> “I am very proud that the Bank is releasing the design of our new banknotes which
> will carry a portrait of King Charles III. This is a significant moment, as The
> King is only the second monarch to feature on our banknotes. People will be able
> to use these new notes as they start to enter circulation in 2024.”

The unveiling of the banknote design follows the first coin design, which was [revealed to the public](https://fundraising.co.uk/2022/09/30/first-king-charles-iii-coins-unveiled-with-banknote-design-to-follow-by-year-end/)
in September. The King’s portrait was to first appear on a £5 coin and 50p coin 
commemorating the late Queen Elizabeth II, with the 50p coin then entering circulation.
Coins bearing the effigy of the Queen also remain legal tender and in active circulation.