King Charles banknotes to enter circulation June 5

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

The portrait of the King will appear on existing designs of all four banknotes – £5, £10, £20 and £50 – with no other changes to the existing designs.

Banknotes that feature Queen Elizabeth II will remain legal tender and will co-circulate alongside King Charles notes.

The new banknotes will only be printed to replace those that are worn, and to meet any overall increase in demand for banknotes, to minimise the environmental and financial impact of this change.

The Bank of England in a statement said that this means the public will begin to see the new King notes “very gradually”.

The new designs were unveiled in December.

The Bank of England also said “current or old series notes” featuring the Queen can be exchanged for the new versions from June.