Announcement of the Bank of England, the picture of King Charles III will be on the currency note by 2024
There were already speculations that after the period of mourning has passed, the Bank of England may make an announcement regarding the currency note with the picture of King Charles. However, polymer notes bearing the image of the Queen will continue to be legal tender.
Abhilasha 
The Bank of England said in a statement that the central bank would issue a picture of the new monarch on polymer notes by the end of the year. The Bank of England has also said that no additional changes will be made to the 5, 10, 20 and 50 pound notes.
The Bank of England said on Tuesday that banknotes bearing the portrait of King Charles III are expected to be in circulation by the middle of 2024. Let us tell you that at present there is a picture of Queen Elizabeth II on the currency of the Bank of England. He died earlier this month after a reign of 70 years. The picture of the Queen has been on the UK currency note since 1960.
Polymer notes with Queen's portrait will be valid
The Bank of England has said that current polymer notes bearing the Queen's image will remain legal tender and will only be removed from circulation if they are damaged. Let us tell you that this announcement has been made by the Bank of England at a time when the deadline for the circulation of paper notes is approaching. Paper notes will no longer be accepted as legal tender in the UK on 30 September. The BOE says that till last week there were 11 billion such notes in circulation.
The current series of new polymer notes also features drawings by Winston Churchill, Jane Austen, JMW Turner and Alan Turing. Let us tell you that the picture of Queen Elizabeth has become the identity of British banknotes, pound coins and postage stamps. Since the death of the Queen, people have been questioning what will happen to the British banknotes and coins bearing her image.
King Charles will be the first coins to be seen
For the first time, King Charles will appear on the coins issued by the Royal Mint of Britain. A special custom has been followed for British coinage since the accession of King Charles II to the throne in the 17th century. The new king is depicted facing the opposite direction from his predecessor. Elizabeth's face was on the right on the coins, so it is expected that Charles's face would be shown on the left.
