King Charles III currency notes introduced in UK
The Bank of England is replacing old banknotes featuring Queen Elizabeth with new ones featuring King Charles III. People can exchange their old notes for new ones until June 30, with a limit of £300.
The portrait of the 75-year-old British monarch will appear on existing designs of all four banknotes-GBP 5, 10, 20 and 50- with no other changes to the existing designs. Polymer banknotes that feature the portrait of his late mother, Queen Elizabeth II, will remain legal tender and co-circulate alongside the new King Charles III notes.
Individuals have till June 30 to exchange their currency. Between June 5 and June 11 at the Bank of England counter on Threadneedle Street, customers can visit the BoE counters to exchange their monies. Through the completion of an application form, individuals can also swap their banknotes. Residents of the United Kingdom are eligible to use the procedure.
Old banknotes featuring Queen Elizabeth II will continue to remain valid and will remain in circulation along with new one. Bank of England said that the new banknotes have been printed out to replace the old and worn-out notes.
Weekly Current Affairs One-Liners Current Affairs 2025 plays a very important role in the competitive…
India has many cities that are famous for their unique industries, and some of them…
Some deserts are extremely hot, but some remain cold throughout the year. These cold deserts…
In today’s world, news media plays a very important role in sharing information quickly and…
PNB Housing Finance has announced the appointment of Ajai Kumar Shukla as its new Managing…
In a major push towards deepening financial inclusion, the Department of Posts (DoP) and BSE,…