The amendment of the British pound notes after the death of Queen Elizabeth II | Economie

during Elizabeth II’s long reignmany British symbols came to put his face, coat of arms and initials on his name. The main currency is the British pound.

With the death of the Queen, she will take new notes Portrait of the heir, King Charles III. The photo will be selected and approved by Buckingham Palace, with no specific date yet.

According to the Guardian, there are around 4.5 billion banknotes in circulation bearing the Queen’s face, with a combined value of £80 billion. This means that it will take about two years for the replacement to be completely completed.

“When the Queen ascended the throne in 1952, the king did not appear on the banknotes. That changed in 1960 when Elizabeth II’s face began to appear on the £1 note in a portrait designed by banknote designer Robert Austin,” the paper says.

In the case of coins, it is common in Europe to have different kings in circulation for a long time, as there is no call to withdraw them from the market.

plus money United kingdomQueen Elizabeth II appears on Canada’s $20 banknote, on New Zealand coins, and on all Eastern Caribbean Central Bank coins and notes, as well as other parts of the Commonwealth.