When you will able to get your hands on the King Charles banknote
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.The date for the release of new notes carrying a portrait of the King has been confirmed by the Bank of England.
The portrait of Charles will appear on existing designs of all four banknotes (£5, £10, £20 and £50), with no other changes to the existing designs.
Polymer banknotes featuring the portrait of the late Queen Elizabeth II will remain legal tender, and will co-circulate alongside the King Charles III notes.
The new banknotes, available from June 5, will only be printed to replace those that are worn, and to meet any overall increase in demand for banknotes.
Coins bearing the official effigy of the King first appeared in circulation in post offices around the UK from December 2022.
The Bank of England said its approach is in line with guidance from the Royal Household, to minimise the environmental and financial impact of this change.
This means that people will start to see the new King Charles banknotes in their wallets very gradually.
Images of the new King Charles banknotes were first unveiled in December 2022.
The King’s image will appear on the front of the banknotes, as well as in cameo in the see-through security window.
Although the notes that enter circulation on June 5 will feature a new portrait of the monarch, the reverse side of each note will remain unchanged.
The current series of banknotes features Sir Winston Churchill on the £5, Jane Austen on the £10, JMW Turner on the £20 and Alan Turing on the £50.
People will be able to exchange Queen Elizabeth II banknotes for King Charles banknotes through the Bank of England, although certain restrictions will apply. The Bank said further details about this will be provided closer to the time.
A series of charity auctions of low-serial numbered notes will also be held over the summer at Spink & Son. Money raised will be donated to charity. More details will be made available on the Spink & Son website, the Bank said.