What's happened
Bank of England announces release of new banknotes featuring King Charles III
Why it matters
The release of new banknotes featuring King Charles III is significant as it marks a transition in the design of UK currency and reflects the country's historical and cultural changes.
What the papers say
The Guardian reports that the rollout of the new notes may be low-key, possibly linked to the king's environmental interests. The Independent emphasizes that the new notes will only be printed to replace worn ones and to meet increased demand, in line with guidance from the Royal Household. South China Morning Post highlights the gradual circulation of the new notes and King Charles III's environmental campaigning. Metro provides details about the production and circulation of commemorative coins featuring King Charles III.
How we got here
The Bank of England announced the release of new banknotes featuring King Charles III, which will co-circulate with existing notes featuring Queen Elizabeth II. The new notes will be gradually introduced to replace worn ones and meet increased demand, in line with guidance from the Royal Household.
More on these topics
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Charles, Prince of Wales is the heir apparent to the British throne as the eldest child of Queen Elizabeth II. He has been Duke of Cornwall and Duke of Rothesay since 1952, and he is the oldest and longest-serving heir apparent in British history.
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Elizabeth II is the queen of the United Kingdom and the other Commonwealth realms. She was born in London as the first child of the Duke and Duchess of York, later King George VI and Queen Elizabeth, and she was educated privately at home.
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The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based.