Buckingham Palace reveals King Charles III’s new cipher - when will coins, banknotes and stamps change?
cipher, EIIR, stood for Elizabeth II ‘Regina’, the Latin word for queen, and included a stylized version of St. Edward’s crown.
Buckingham Palace said the decision to replace ciphers will be at the discretion of individual organisations - and the process will be gradual.The Royal Mint estimates that there are 27 billion coins bearing the late Queen Elizabeth II’s portrait that will be in circulation ‘for many years to come’.
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