UK coins and banknotes face slow queen-to-king renewal 14.09.2022

Deutsche Welle | Sep 14, 2022 at 2:00 AM
  • Some experts estimate it could cost about £350 million (€403 million, $402 million) to stick Charles’ head on UK banknotes and coins and take several years.
  • The Royal Mint manufactures between 3 million and 4 million coins a day and is reportedly likely to continue with the production of the current portrait and design until the end of this year.
  • When the synthetic £50 notes were issued in 2016, the replacement took the Bank of England 16 months and cost an estimated £236 million to implement due to the costs of upgrading and replacing self-service machines and ATMs.