Bank Of England Releases Banknotes Bearing Image Of King Charles III

The New Diplomat
Writer

Ad

What Will They Eat When They Finish The Money? By Azu Ishiekwene

The grave is never satisfied, but other things compete with it for insatiability. I can’t help feeling that some members of Nigeria’s National Assembly will vie for the top place of never enough with the grave, water and fire. Enough is a stranger to them. What happens in these chambers in Abuja, in the name…

Minimum Wages in 50 U.S. States & 35 Countries, Adjusted for Living Costs

Key Takeaways After adjusting for inflation and price differences, statutory minimum wages in leading high-income economies—including Germany, Australia, and France—are higher than all 50 U.S. states. Under the same metrics D.C., Connecticut, Washington, and Arizona have the highest statutory minimum wages in the U.S. U.S. states following the federal minimum wage (which hasn’t moved since 2008), cluster at…

Lagos Issues Two-Week Ultimatum to Trade Fair Developers to Secure Bui

By Abiola Olawale The Lagos State Government has handed property developers and structure owners at the Trade Fair Complex in Ojo a two-week deadline to obtain building approvals. The directive was announced by Dr. Oluyinka Olumide, Commissioner for Physical Planning and Urban Development, on Thursday. The Commissioner stated that during the time frame, the developers…

Ad

By Abiola Olawale

The United Kingdom’s banknotes with the image of King Charles III on the front have been released into circulation on Wednesday, June 5.

The Bank says that the four new GBP5, GBP10, GBP20, and GBP50 notes will slowly replace the current stock of notes that carry pictures of the late Queen Elizabeth II.

The four banknotes with the king’s portrait on the front carry values of £5 ($6.4), £10, £20 and £50 and will also remain legal tender alongside those bearing the image of Queen Elizabeth, who passed away in September 2022.

The Governor of the Bank of England, Andrew Bailey, said members of the public would be able to exchange current notes with Queen Elizabeth II on them with the new notes that carry King Charles III’s picture via the Bank.

He said: “We know that cash is important for many people, and we are committed to providing banknotes for as long as the public demand them. Bringing these new notes into circulation is a demonstration of that commitment.”

Ad

Unlocking Opportunities in the Gulf of Guinea during UNGA80
X whatsapp