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New Delhi. Demonetization in Britain: New notes have been issued in Britain. Now the picture of the current king King Charles III will be on the British notes instead of Queen Elizabeth's photo. The Bank of England gave this information.
With the release of the new notes, the bank clarified that this is not demonetization. This means that the note with Queen Elizabeth's picture will also remain valid.
How different is the new note
There has not been much change in the new note of Britain. Only the picture has been changed in this note. For the first time in December 2022, a note with the picture of King Charles III was issued. This note was issued after the death of Queen Elizabeth II. Let us tell you that Queen Elizabeth II died in September 2022.
This is the first time the name of the monarch has been changed on British currency notes. Now the picture of King Charles III will appear on the British Pound Sterling 5, 10, 20 and 50 currency notes. The Bank of England had issued a press release regarding the new currency notes. The bank said that it is expected that the new currency notes will gradually come into circulation. The bank said that new currency notes have been printed in place of old worn out currency notes.
According to the bank's press release, the new notes have come into effect from June 5, 2024. The Bank of England presented the first set of new notes at Buckingham Palace in London. Buckingham Palace gave its reaction regarding the new notes. Buckingham Palace said that this is a historic moment. The Bank of England has changed the picture of the British monarch on the notes for the first time.
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