There are more than 4.7 million banknotes in the UK with the queen's face on them. They will all be replaced | CNN Business

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There are more than 4.7 million banknotes in the UK with the queen's face on them. They will all be replaced | CNN Business
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The Bank of England and the Royal Mint face the task of withdrawing currency with the Queen’s image from circulation and replacing it with money bearing the portrait of King Charles III.

For almost 70 years, the Queen’s image has appeared on the United Kingdom’s coins, with different portraits of her profile as she aged. She was featured on the nation’s banknotes for more than 60 years, the first British monarch to do so. Her portrait also features on the currency of several countries that were formerly under British rule. Since 1953, one year after the Queen took the throne, UK coins have borne five different versions of her portrait.

No changes yet The Royal Mint said in a statement on its website that coins bearing the image of the Queen “remain legal tender and in circulation,” and that their production would continue as usual during “this period of respectful mourning.” The Bank of England said that the Queen’s “iconic portraits [were] synonymous” with some of its most important work. “Current banknotes featuring the image of Her Majesty The Queen will continue to be legal tender,” it said in a Thursday statement.

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