Queen After Elizabeth’s death, King George III. Despite Charles’s immediate rise to the top of the British royal family, the monarch’s face will appear on sterling notes, the UK’s official currency, for at least two more years, even before the country itself. Leave the block of countries using the euro.
The monarch’s face has been stamped on banknotes since 1960. To follow tradition and exchange all the money for versions with the face of the heir to the throne, the government would have to pay the equivalent of BRL 354.2 billion in addition to surrender. Change in Buckingham Palace.
Queen Will Sterling Change After Elizabeth’s Death? II. Money bearing the image of Elizabeth will not be collected immediately. The most likely possibility is to cease banknote production, if the British Crown allows, to make room for banknotes with the face of Charles III.
With UOLThe Bank of England issued the following note:
“As the first monarch to appear on Bank of England notes, iconic portraits of the Queen are synonymous with some of the most important work we do. Existing banknotes depicting Her Majesty the Queen will continue to be legal tender. A new announcement on the current Bank of England notes during the mourning period It will be done after it’s done,” he said.
Currently in circulation II. There are approximately 4.5 billion banknotes bearing Elizabeth’s face. The total amount of the amount £ 80 billion.
Changing all notes creates billionaire effect
Every two years, the Bank of England issues approximately 600 million banknotes with a production price of £78 million, or £13 per printed note. All circulating notes II. The cost of replacing it with Elizabeth’s face £ 58.5 billion or R$354.2 billion at current price.
In addition, the Bank of England will withdraw banknotes with full value. £ 14.5 billion by September 30 this year to replace paper money in favor of polymer banknotes. The transition would make the UK the world’s largest economy using only plastic notes.
All polymer banknotes are already Queen II. Contains a portrait of Elizabeth. sect £ 5 It was the first to be released and circulated in September 2016. Winston Churchill, the country’s prime minister during WWII, is in the back.
Author Jane Austen is pictured on the back of the banknotes. £ 10 polymers. this £ 20 contains a portrait of artist JMW Turner. new grade £ 50, II. It shows Alan Turing, one of the founders of computer science and artificial intelligence, a decoder during World War II.
On the reverse of the circulated banknotes are pictures of economist Adam Smith and industrial inventors Matthew Boulton and James Watt.
Scales produced in countries such as Northern Ireland and Scotland feature illustrations of regional figures. For example, Scottish banknotes feature the face of Sir Walter Scott, a prominent Scottish writer.
Are there coins with the face of Elizabeth in more countries? Ditto. According to Guinness World Records, the Queen’s image is in the currencies of at least 33 countries, including Canada, Jamaica and New Zealand. Depending on local legislation, they are likely to change their notes and coins as well.
29 billion coins with the queen’s face
All UK coins have an image of the Queen on one side. Since his reign, five portraits of the monarch have appeared on metallic pieces. The newest one was released in 2015. The first Elizabethan coins were minted in 1953 to represent a new beginning in the UK after the Second World War.
There are currently around 29 billion coins in circulation in the UK.
According to Casa da Moeda Real, production costs vary according to each denomination. The metal’s value in each currency makes up a large part of the total cost. According to the complexity of the coin, the values of the production process also change.
in a note UOLThe business did not disclose how much it spent to produce the coin: “This information can be used to the advantage of competitors”, reasoning.
How will the British pound look like Charles III? Charles 3 will appear facing left. This is what tradition dictates in the country. Since the 17th century, monarchs have been represented on coins (the process through which coins are engraved) facing the opposite direction from those of their immediate predecessors. The exception was Edward’s reign VIII, who preferred the left side. Tradition was restored, with George VI facing left and Edward’s image on the reverse reversed to the right.
source: Noticias
