What will happen to the British pound after the death of Elizabeth II

What will happen to the British pound after the death of Elizabeth II
What will happen to the British pound after the death of Elizabeth II

Billions of banknotes and coins bearing the portrait of Queen Elizabeth II will be replaced after her death.

For nearly 70 years, the Queen’s image has appeared on UK coins, with various portraits of her profile sealing her face through time, CNN says.

She was featured on the nation’s banknotes for more than 60 years, making her the first British monarch to have her likeness placed on more than just coins.

Her portrait is also featured on the currency of several countries that were formerly under British rule, bTV reported.

Since 1953, the year after the Queen took the throne, Britain’s coins have replaced five different versions of her portrait. It appeared on the country’s banknotes for the first time in 1960.

now the Bank of England, which prints the country’s banknotes, and the Royal Mint are faced with the difficult task of withdrawing this currency from circulation and replacing it with money bearing the portrait of King Charles III.

There are more than 4.7 million notes in circulation in Britain, worth a total of £82 billion, according to the Central Bank. There are also about 29 billion coins in circulation, the Royal Mint reported.


The article is in bulgaria

Tags: happen British pound death Elizabeth

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