CNN Business
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Coins and banknotes that includes King Charles III and Queen Elizabeth II will co-circulate, in line with the Royal Mint, the reliable maker of UK cash.
“The first coins bearing the effigy of His Majesty King Charles III will enter circulation in line with demand from banks and post offices. This means the coinage of King Charles III and Queen Elizabeth II will co-circulate in the UK for many years to come,” Anne Jessopp, the Royal Mint Chief Executive Officer, mentioned Tuesday in a press free up.
The UK maker mentioned that there are roughly 27 billion cash these days circulating within the nation “bearing the effigy of Queen Elizabeth II. These will be replaced over time as they become damaged or worn, and to meet demand for additional coins.”
The Royal Mint will unveil additional information about the coinage of King Charles III over the approaching weeks, it added.
For virtually 70 years, Queen Elizabeth II symbol has gave the impression at the United Kingdom’s cash, with other portraits of her profile as she elderly. She used to be featured at the country’s banknotes for greater than 60 years, the primary British monarch to take action. Her portrait additionally options at the foreign money of a number of international locations that have been previously below British rule.
Since 1953, 12 months after the Queen took the throne, UK cash have borne 5 other variations of her portrait. She gave the impression at the nation’s banknotes beginning in 1960.
– CNN’s Anna Cooban contributed to this record
