Cash is king; Charles now on British pounds

Henry

British pounds with King Charles III’s face on them circulated in Britain for the first time on Wednesday – almost two years after Queen Elizabeth II’s death.

The King now appears on the £5, £10, £20 and £50 notes, with Queen Elizabeth also still appearing on the pounds.

The top-up comes as Britons increasingly use physical and online bank cards rather than cash for payments.

Andrew Bailey, governor of the Bank of England, described it as “a historic moment”, with the late Queen serving on the throne for a record 70 years.

“We know that cash is still important to many people and we are committed to providing banknotes as long as people ask for them,” he added.

Based on a photo owned by the royal household and made available in 2013, Charles approved the final designs of the pounds with an engraved portrait of him at the end of 2022.

The new pounds, which are made of polymer and have been used since 2016 to replace paper money in the UK, will gradually replace the older banknotes.

Coins with Charles’ face were already circulated in December 2022.