The Bank of England (BoE) has unveiled newly redesigned banknotes featuring the image of King Charles on the front and in the see-through security window.
Queen Elizabeth was the first and only monarch to appear on circulating Bank of England banknotes. However, notes issued by Scottish and Northern Irish banks do not depict the monarch.
The image of King Charles will be the only change to existing designs of £5, £10, £20, and £50 notes and will go into circulation from mid-2024.
Existing notes will still be accepted in shops after the new notes begin to circulate.
The new notes, according to the BoE would only be printed to replace worn notes or to meet increased demand, in order to minimize the environmental and financial impact of the change, following guidance from the Royal family.
Fifty pence coins bearing the image of King Charles III have already entered circulation via post offices across the country.
Coins carrying the image of the late Queen will still be accepted in shops, in the same way as banknotes.