70 Years Reign of Queen Elizabeth II Ends

The death of Queen Elizabeth II after a 70-year reign will set in motion a number of changes to daily life, including a change in coins and banknotes in British commonwealth nations.

The Queen's death comes 17 months after the death of her husband of 73 years Prince Philip. Earlier this year the Queen marked her platinum jubilee commemorating 70 years on the throne. Since 2015 she had been the world’s oldest current monarch.

The coins and banknotes bearing the Queen’s face will be replaced featuring portrait of King Charles III across the world.

A new portrait of Charles will be commissioned, from which millions of pounds worth of new currency will be printed by the Royal Mint and distributed across the United Kingdom. Coins featuring the new King will show him facing to the left - a marked change as Elizabeth II’s effigy faces to the right on current legal tender.

Following nations coinage and banknotes is likely to be effected:

Australia, Belize, Bermuda, Canada, Cayman Islands, Cook Islands, Eastern Caribbean States, Falkland Islands, Gibraltar, Guernsey, Isle of Man, Jersey, New Zealand, Saint Helena & Ascension and Solomon Islands.

The new portrait of Charles on coins and banknotes are expected to circulate in 2023 as the transition may take some time, coins bearing the late Queen's effigy may continue to be minted.

As existing coins and banknotes bearing the late Queen remain legal tender, coins with the effigy of either sovereign will co-mingle in circulation.

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