So does this mean that there will be a date after which all banknotes bearing the late Queen's image will cease to be legal tender, as was the case when paper notes were replaced by polymer versions not so long ago?

 

2 hours ago, OJAS said:

So does this mean that there will be a date after which all banknotes bearing the late Queen's image will cease to be legal tender, as was the case when paper notes were replaced by polymer versions not so long ago?

 

 

No set timescale.
 

“Banknotes that feature the portrait of Her late Majesty, Queen Elizabeth II will remain legal tender and will co-circulate alongside King Charles III notes.

 

The new banknotes will only be printed to replace those that are worn and to meet any overall increase in demand for banknotes. Our approach is in line with guidance from the Royal Household, to minimise the environmental and financial impact of this change.”

 

https://www.bankofengland.co.uk/banknotes/king-charles-banknotes