The new notes will gradually replace those featuring the king's mother, Queen Elizabeth II.
abc.net.au/news/bank-of-england-unveil-first-banknotes-featuring-king-charles/101795088The Bank of England has unveiled its first banknotes featuring King Charles III, which will enter into circulation from the middle of 2024.Queen Elizabeth II first appeared on bank notes in 1960The new notes will gradually replace those featuring his mother, Queen Elizabeth II.
The bank does not intend to withdraw banknotes featuring Queen Elizabeth II until they are worn out, so the two types of notes will be in circulation for some years.
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