New banknotes featuring the portrait of King Charles are being issued today (June 5), marking the first time that the sovereign has been changed on the Bank of England’s notes - and there’s only one place in Manchester you can find them. The new banknotes will l co-circulate alongside those featuring Queen Elizabeth II, and will appear on the £5, £10, £20, and £50 notes – with no other alterations to the existing designs. However, people may only start to see the new notes appear in their change very gradually.
There are more than 4.6 billion Bank of England notes in circulation, worth about £82 billion. READ MORE: ‘I went to Home Bargains and came out with a beauty haul that would have cost me £30 in Boots’ In line with guidance from the Royal Household, the new notes will only be printed to replace those that are worn and to meet any overall increase in demand.
The approach aims to minimise the environmental and financial impact of the change. People will be able to snap up the new-look currency at selected Post Office branche but they will only initially have £5, £10 and £20 denominations of the new banknotes. For Royal fans in Manchester, you can head to the Piccadilly Plaza Post Office (M2 1BB) to get your hands on one if you so wish.
(Image: MEN) Bank of England Governor Andrew Bailey said: “We’re very pleased to be issuing the new King Charles banknotes. “This is a historic moment, as it’s the first time we’ve changed the sovereign on our n.