All of our bank notes and coins set for major shakeup after death of Queen

King Charles III has now ascended the throne following the death of his mother, Queen Elizabeth II, on September 8.

Intricate plans had been drawn up for Her Majesty's death, codenamed Operation London Bridge or Operation Unicorn in Scotland, that will now see major differences to money, stamps and passports.

The late Queen's face is seen on a regular basis in the UK as it features on our currency and stamps but this will all change following her death as her eldest son and former Prince of Wales has been declared King Charles III.

But when will new money with King Charles III on enter circulation and what will happen to the money with Queen Elizabeth II on?

Here's everything you need to know.

How will money change following the Queen's death?

Money is now set to undergo a huge change following the death of Her Majesty, including a change of image on both notes and coins.

According to The Guardian, there are 4.5 billion sterling bank notes in circulation currently with the Queen’s face on them, worth a combined £80bn.

Following her death and King Charles' accession to the throne, the face of the new monarch will be printed and minted on future coins and notes.

What will happen to notes and coins with Queen Elizabeth II on?

Legal tenders featuring the profile of Queen Elizabeth II will slowly be removed from circulation in the same way that older forms of bank notes were in recent years.

New notes and coins featuring King Charles will be introduced to replace the former currency, with an image of the new legal tenders yet to be revealed by the Royal Mint.

However, the Bank of England confirmed notes carrying the Queen's head will still remain a legal tender for quite some time in order for the new money to be printed and minted.

A message on the Bank of England's website reads: "The Bank of England’s staff wish to express their heartfelt condolences to the Royal Family, following news of the death of Her Majesty Queen Elizabeth II.

"As the first monarch to feature on Bank of England banknotes, the Queen’s iconic portraits are synonymous with some of the most important work we do.

"Current banknotes featuring the image of Her Majesty The Queen will continue to be legal tender. A further announcement regarding existing Bank of England banknotes will be made once the period of mourning has been observed."

When will notes and coins change?

It could take some time for the public to see the new money in circulation.

When the Queen ascended the throne in 1952, it wasn't until a while later that she appeared on coins, with the first minted in 1953.

However, notes with the Queen's face on were not introduced until 1960.

Replacing the old legal tender is likely to take at least two years if the Bank of England follows the same process as the new synthetic £50 notes.

When the new notes were unveiled in 2021, the process of recall and replacement took the Bank of England 16 months.

Both the Royal Mint and Bank of England are yet to confirm when the new legal tenders will be in circulation.

You can leave your tributes to Queen Elizabeth II here

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