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when will currency change ?

# When Will the UK Currency Change?

The passing of Queen Elizabeth II has sparked discussions about the potential changes to the United Kingdom’s currency, among other things. So, when will the money change, and can we still use the Queen’s coins? Let’s delve into the details.

## The Transition to New Currency

**Bank of England’s Plan:**
The Bank of England has confirmed that existing banknotes featuring Queen Elizabeth II will remain legal tender. This means the transition to new currency will be gradual. The Bank of England will introduce new banknotes depicting King Charles III, but the old currency will not be immediately withdrawn.

**Timeline for Changeover:**
According to various sources, the process of gradually phasing out the old currency will begin with new banknotes and coins featuring King Charles III being introduced into circulation. This process will be carried out step by step, so there will be a period where both the old and new banknotes will be in circulation. This ensures a smooth transition for everyone.

**Practical Considerations:**
Existing Queen coins and banknotes with wear can be exchanged. The Bank of England encourages the public to continue using them, as they remain valid. For those eager to get their hands on new currency features the king’s portraits, it may require a bit of patience, as the transition will take some time.

## Understanding Rumour vs. Fact

In the digital age, information spreads quickly, and not always accurately. For instance, there have been claims that the UK would rapidly replace physical currency with digital currency by December 2022. This information, spread through an Instagram video, is unfounded and does not align with the stated plans of the Bank of England. It’s essential to approach such claims with a discerning eye and rely on trusted sources like the Bank of England for accurate information.

## The Impact on Daily Transactions

For the everyday person, the change will be gradual, ensuring a smooth transition. They will be able to continue their daily activities without interruption. Banks and post offices will play a crucial role in managing the turnover, collecting older versions of the coins and notes and issuing new ones.

## The National Anthem, Shares and More:

The transition isn’t limited to cash in hand:
– The London Stock Exchange will remain closed around the day of the Queen’s funeral.
– National anthems and stamps will gradually see changes reflecting the new monarch.
– Travel will be minimally affected, with the gradual changeover in currency ensuring a consistent flow.

For further reading on this topic, referring to the sources provided will give a comprehensive understanding of the broader implications of the currency change.

## Wrapping Up the Change:

As we prepare for the death of Queen Elizabeth II, the transition to King Charles III’s reign brings about a host of changes, from the currency that lines our pockets to the institutions throughout the UK and the Commonwealth realms. However, it’s important to remember that these changes are gradual and will be handled with care to ensure stability.

References for Further Detail:
1. [Mirror UK](https://www.mirror.co.uk/news/royals/uk-currency-money-change-can-27944684)
2. [Check Your Fact](https://checkyourfact.com/2022/09/09/fact-check/fiat-currency-december-2022-executive-order)
3. [NPR](https://www.npr.org/2022/09/09/1121951525/britain-currency-queen-elizabeth-prince-king-charles)
4. [Yahoo](https://www.yahoo.com/entertainment/england-currency-change-qeen-elizabeth-030621333.html)
5. [The Coin Expert](https://thecoinexpert.co.uk/blog/will-the-pound-change-when-the-queen-dies)
6. [YouTube (Bank of England)](https://www.youtube.com/watch?v=6Wz3TH4nQKE)

By staying informed and following these updates, you can navigate this change with ease and grace.