The Bank of England has unveiled designs for new bank notes featuring His Majesty, King Charles III. The new notes are expected to enter circulation in the United Kingdom by mid-2024.

Announcing the design for the first time in the run-up to the coronation in May, the UK central bank said the king’s portrait would appear on existing designs of all four of its polymer bank notes currently in circulation – £5, £10, £20 and £50.

Queen Elizabeth was the first and only monarch to appear on circulating Bank of England banknotes, starting in 1960. Notes issued by Scottish and Northern Irish banks do not depict the monarch.

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King Charles will become only the second monarch in British history to feature on a bank note.