Banknotes carrying a portrait of King Charles III will be issued for the first time on 5 June 2024.
The portrait of the King will appear on existing designs of all four banknotes (£5, £10, £20 and £50), with no other changes to the existing designs.
Although polymer banknotes that feature the portrait of Her late Majesty Queen Elizabeth II will remain legal tender, and will co-circulate alongside King Charles III notes, members of the public will also be able to exchange a limited value of current or old series notes for new King Charles III notes, through the Bank of England.
The new banknotes will only be printed to replace those that are worn, and to meet any overall increase in demand for banknotes.
The Bank of England published advice on how to identify counterfeit polymer banknotes.
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