Today: 10 February 2025
6 June 2024
1 min read

Banknotes featuring King Charles III enter circulation

The updates come as Britons increasingly use physical and online bank cards, rather than cash, to make payments…reports Asian Lite News

British banknotes bearing the image of King Charles III entered circulation for the first time on Wednesday, nearly two years after he succeeded his mother Queen Elizabeth II.

The four banknotes with the king’s portrait on the front carry values of £5 ($6.4), £10, £20 and £50 and will be used alongside those bearing the image of Elizabeth, who died in September 2022.

Coins bearing Charles’s head entered circulation in December 2022.

The updates come as Britons increasingly use physical and online bank cards, rather than cash, to make payments.

But Bank of England governor Andrew Bailey called it “a historic moment”, with the late queen having served a record 70 years on the throne.

“We know that cash is important for many people, and we are committed to providing banknotes for as long as the public demand them,” he added.

Based on a photograph owned by the royal household and made available in 2013, Charles in late 2022 approved the final designs of the notes featuring his engraved portrait.

The new cash — made from polymer that has already been used to replace paper money in the UK since 2016 — will gradually replace the older notes.

ALSO READ-‘Starmer beat Sunak 44% to 39% in ITV debate’

Previous Story

‘Foreign policy under Modi 3.0 crucial for entire region’

Next Story

Putin threatens to arm countries that could hit Western targets

Latest from -Top News

PM Modi’s ‘Pariksha Pe Charcha’ Goes Global

The interactive session for students from classes 6 to 12 dealt with exam-related issues, tips, and stress and guided parents and teachers….reports Asian Lite News Thousands of students from Indian schools across

Khamenei meets top Hamas leaders in Tehran  

The Hamas delegation included acting Hamas leader Khalil al-Hayya; Mohammad Darwish, head of Hamas’ leadership council; and Nizar Awadallah   Days after US President Donald Trump announced his intention to occupy the Gaza

‘Ozoum’ shines light on social change 

A groundbreaking Saudi television series is offering an unprecedented glimpse into the Kingdom’s social transformation, captivating domestic audiences and challenging long-standing perceptions, writes Pedro Carvalho  A groundbreaking television series is offering unprecedented

KCF Festival Unites Karnataka Talent in UAE 

Enthusiastic participants displayed Karnataka’s cultural legacy through various artistic performances, making the event a grand celebration of talent.   The 6th edition of the KCF UAE National Level Talent Festival, Prathibhotsava 25, was
Go toTop