Some details have been released about the rolling out of new banknotes with a portrait of King Charles
Coins and banknotes featuring King Charles III and Queen Elizabeth II will co-circulate, with coins and notes featuring the Queen replaced over time as they become damaged or worn.
The notes will be a continuation of the current polymer note design, and means no additional design changes will be required, according to the Bank of England. Current banknotes featuring the portrait of the Queen will continue to be legal tender - only being removed from circulation when they are worn or damaged. This means current banknotes will co-circulate with the new notes featuring Charles.
There are thought to be around 27 billion coins currently circulating in the UK bearing the Queen's image.
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