Today, an important milestone was marked as King Charles III received the first banknotes bearing his portrait from the Governor of the Bank of England. This event signifies a historic moment, as he becomes only the second British monarch to be depicted on the banknotes of the Bank of England, replacing his mother, Queen Elizabeth II, who was the first to receive this honour back in 1960.
For 75-year-old King Charles, who is currently undergoing treatment for cancer, this occasion holds particular significance, coming just over a year and a half into his reign. He carefully inspected the newly designed 5, 10, 20, and 50 British pound banknotes, which will gradually be introduced into circulation starting from June 5th.
The tradition of issuing banknotes dates back to the end of the 17th century, but it wasn’t until 1960 that Queen Elizabeth II appeared on a 1-pound paper note. On these early notes, Lady Britannia symbolized the United Kingdom and England. Now, her son, King Charles III, takes his place on the currency.
While the portrait of King Charles III graces the front of the banknotes, the notable figures featured on the reverse side remain unchanged. Former Prime Minister Winston Churchill continues to adorn the 5-pound note, while writer Jane Austen, painter William Turner, and mathematician Alan Turing are depicted on the 10, 20, and 50-pound notes respectively.
It’s worth noting that existing banknotes featuring Queen Elizabeth II’s portrait will remain legal tender alongside the new banknotes bearing King Charles III’s likeness. This ensures a smooth transition, allowing both sets of notes to circulate concurrently.
