King Charles III Banknotes will Enter Circulation on June 5, 2024

Banknotes carrying a portrait of King Charles III will be issued for the first time on 5 June 2024.

Press release

The first banknotes featuring a portrait of King Charles III will be released on 5 June 2024. The King’s portrait will be featured on the current designs of all four banknotes (£5, £10, £20, and £50), with no additional alterations to the current designs.

The polymer banknotes featuring the portrait of Her late Majesty Queen Elizabeth II will continue to be legal tender, co-circulating alongside King Charles III notes. The upcoming banknotes will be printed solely to replace worn-out ones and to accommodate any rise in demand for banknotes.

We are aligning our approach with the guidance from the Royal Household to reduce the environmental and financial impact of this change. The public will gradually start seeing the new King Charles III notes.

Exchange of notes

People can exchange a limited value of current or old series notes for new King Charles III notes through the Bank of England for a brief period starting from the 5 June 2024 issuance date. More information will be shared as the date approaches.

Exciting event featuring low serial notes up for bidding

Several charity auctions featuring low-serial numbered notes are scheduled to take place this summer at Spink & Son. Aside from the auctions, the public can also participate in a ballot to buy a set of notes. The funds collected will be given to charity. Additional information will be provided on the Spink & Son website

Notes to editors 

1. Images of the King Charles III banknotes were unveiled on 20 December 2022. 
2. Images of all Bank of England banknotes can be found on the Bank’s Flickr siteOpens in a new window. See an information video about our King Charles III notes.
3. The current series of banknotes (series G) features the following characters in the designs: £5 – Winston Churchill, £10 – Jane Austen, £20 JMW Turner, £50 – Alan Turing.
4. The King’s image will appear on the front of the banknotes, as well as in cameo in the see-through security window.
5. Although the notes that enter circulation on 5 June 2024 will feature a new portrait of the monarch, the reverse side of each note remains unchanged. 
6. The new notes can be checked using the same security features as existing 
   HM Elizabeth II banknotes. More information on the specific designs and security features of these can be found at the following links: £5, £10, £20, £50.
7. Members of the public will be able to exchange Queen Elizabeth II banknotes for 
   King Charles III banknotes through the Bank of England. Certain restrictions will apply, and there will be more information on the Exchanging old banknotes page in due course.
8. See images of current polymer notesOpens in a new window and withdrawn paper banknotes.

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Daniel Amankona

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