Current notes will continue to be legal tender.

NEWS RELEASE

The Bank of England will reveal images of updated banknotes featuring a portrait of HM King Charles III by the end of this year. The notes are expected to enter circulation by mid-2024.

His Majesty’s portrait will appear on existing designs of all four polymer banknotes (£5, £10, £20 and £50). This will be a continuation of the current polymer series and no additional changes to the banknote designs will be made.

In line with guidance from the Royal Household to minimise the environmental and financial impact of the change of monarch, existing stocks of notes featuring HM Queen Elizabeth II will continue to be issued into circulation. New notes will only be printed to replace worn banknotes and to meet any overall increase in demand for banknotes.

Current banknotes featuring the portrait of HM Queen Elizabeth II will continue to be legal tender and will only be removed from circulation once they become worn or damaged. They will co-circulate with those featuring HM King Charles III.

Notes to editors

His Majesty’s portrait will feature on the front of the banknote, as well as in cameo in the see-through security window.

The current series of banknotes (series G) features the following characters in the designs: £5 – Winston Churchill, £10 – Jane Austen, £20 JMW Turner, £50 – Alan Turing.
HM Queen Elizabeth II first appeared on Bank of England banknotes in 1960.

The legal tender status of paper £20 and £50 notes will be withdrawn after 30 September 2022, as previously announced.

@Bank of England
SOURCE

Wow!!! My very FTC ever since only God knows when I joined nairaland and I dedicate it to all my Obidient family world wide. May another APC never happen to our con3 again.

Wow

Okay

Ok

The begining of new era, queen time has expired.

Hmmm!

Hope he won't tour the path of his mother

Charlie

Nuisance and ingredients

Is it really necessary?

Their business.

almost there #FTC

I no even get wetin to write. But I just wan wish all of una well Sha.

I kindly want to ask the house what is the implication of one's image/face printed on currency note.

Especially someone who is still alive as we have in the case up there.

Ok you mean four years before his death?

Almost 2 years after becoming a king

C

They should scrap this monarch system

How I wish Nigeria can change their 1000 bank notes... And give six months notice... Those people when Dig money hide inside suckaway go must bring am out... Money go enter back into circulation...

Some Nigerians hide the future of generations to come inside their house...

All hail the King

Thats when am going to UK
Get free project, thesis writing. Check siggy below

Ftc

Expected. They already spent millions of pounds printing the polymer notes and on the burial. Printing fresh notes with the King’s image might harm the economy. They need time to recuperate.

So no more isi Eliza

hopexter:
For person wey wan die for 2026? The money will now be available for only one and half years.

Na you wan kill am?

For person wey wan die for 2026? The money will now be available for only one and half years.

A socalled democracy that genuflects before a human and sing their national anthem to him! Is that one still a democracy!? Who elected these people?

Ona dey see how Better Country dey plan things properly?

Nothing lasts forever. The earlier our politicians realize this, the better our country becomes

If he's alive by then

Power have changed hands, from isi Eliza to isi charlie! (Elizabeth's head to Charlie's head)

All the same, the smallest denomination of £5 is better than our biggest denomination of 1k