Queen II in circulation in England. With about 30 billion coins with the face of Elizabeth, the country’s central bank is expected to announce in the coming weeks when and how it will switch to a new version of the coin with the face of the new king. Charles 3.
As tradition dictates, the monarch’s face will appear carved on metal pieces, facing left, opposite Elizabeth. The process of collecting and reprinting new coins can take at least two years.
What determines the new king’s position in English currency? Since the 17th century, British monarchs have been depicted on metal pieces facing the opposite direction of their previous ancestors.
The exception was Eduardo 8º, who preferred his left side. The tradition was restored with Elizabeth II’s father, George 6.
hour Should currencies change? Not. There is a possibility that the British Crown together with the Central Bank may decide to keep the queen’s face coin in circulation. World War II, according to Guinness World Records. Elizabeth appears in the currencies of at least 33 countries, including Canada, Jamaica, and New Zealand. Each nation can decide, depending on local legislation, whether to change their currency due to the new king of the UK.
According to Casa da Moeda Real, manufacturing costs can vary with each face value and the material used to make them.
According to the complexity of the coin, the values of the production process also change.
consulted by UOLThe business did not disclose how much it spent to produce the coin: “This information can be used to the advantage of competitors”, was informed.
Will the ballots also change?
Queen Elizabeth has had her face stamped on sterling notes since 1960. To follow tradition and exchange all the money for versions with the face of the heir to the throne, the government will have to pay the equivalent of 3.5 billion BRL. sends the change to Buckingham Palace.
However, the final change will not be immediate for logistical reasons – because the country is already in the process of replacing paper money with more durable plastic banknotes – all new and with a monarch face.
“The Queen’s iconic portraits are synonymous with some of the most important work we do. Existing banknotes depicting Her Majesty the Queen will continue to be legal currency. A new announcement will be made as soon as possible on current Bank of England notes. The Bank of England said, “Mourning to end his term”.
Will the current currency in the UK lose value with the change? Not. The process of issuing new money as well as collecting and reprinting new banknotes can take at least two years. All currencies currently used in the UK are valid until further notice. The transition process is gradual.
Image: Bank of England
The £5 note was the first banknote to be introduced and began circulating with the material 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 £10 polymer notes. For £20 it features a portrait of artist JMW Turner. The new £50 note features Alan Turing, co-founder of computer science and artificial intelligence, who was a code breaker during WWII.
On the back of the bills that are out of circulation are pictures of economist Adam Smith and industrial inventors Matthew Boulton and James Watt. These lose their value at the end of this month.
source: Noticias
