The primary photos of banknotes that includes Britain’s King Charles III have been unveiled on Tuesday by the Financial institution of England.

Charles’ portrait will seem on English notes of £5, £10, £20 and £50. The remainder of the design will stay the identical as the present notes, which characteristic the late Queen Elizabeth II on the entrance. The cameo within the clear safety window can even characteristic the present monarch, the UK’s central financial institution mentioned in a press launch.

The brand new banknotes are anticipated to enter circulation by mid-2024 and can co-circulate with notes that includes the queen’s portrait, which is able to stay authorized tender, based on the financial institution.

“It is a important second, as The King is barely the second monarch to characteristic on our banknotes,” Financial institution of England Governor Andrew Bailey mentioned forward of the discharge.

The reverse facet of the notes will stay unchanged — the present designs characteristic portraits of Winston Churchill, Jane Austen, JMW Turner and Alan Turing on the reverse of the £5, £10, £20 and £50 notes, respectively.

“To attenuate the environmental and monetary impression of this transformation, new notes will solely be printed to interchange worn banknotes and to satisfy any total improve in demand for banknotes,” the Financial institution of England added.

Earlier this month, the primary cash bearing the official effigy of King Charles III entered circulation. The 4.9 million 50-pence cash characteristic the king’s portrait, and on the reverse, a design symbolizing the “life and legacy” of the late queen, based on the Royal Mint.