The banknotes featuring King Charles III will make their debut in British wallets today, gradually replacing those bearing the portrait of his mother, Queen Elizabeth II.

King Charles’s portrait will appear on the new polymer banknotes of £5, £10, £20, and £50, which will otherwise remain identical to the current paper notes, as explained in a statement by the Bank of England yesterday, Tuesday.

These new polymer banknotes, which have been gradually replacing paper notes in the United Kingdom since 2016, will circulate alongside those featuring Queen Elizabeth II’s portrait.

King Charles bank notes available for first time today in some places, including parts of Gloucestershire – full list https://t.co/03PtEsTTXv

— Gloucestershire Live (@GlosLiveOnline) June 5, 2024

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The banknotes bearing the image of King Charles III will be gradually printed to “replace those that are worn out,” as clarified in the announcement, in order to “minimize the environmental and financial impact” of the monarch change.

The coins featuring King Charles’s image were put into circulation in December 2022, a few months after his mother’s death.

Starting today, the public can also exchange their old banknotes with those featuring King Charles III’s image through the Bank of England, with a limit of £300 per person.