Queen Elizabeth is featured on multiple mottos. Now what?
By KELVIN CHAN, AP Business Writer
LONDON (AP) — Queen Elizabeth II has been depicted on British banknotes and coins for decades. His portrait has also been featured on mottos in dozens of other places around the world, serving as a reminder of the colonial reach of the British Empire.
So what happens after he dies this week? It will take time for the UK, Canada, Australia, New Zealand and other countries to trade the monarchs for their money.
But that doesn’t mean the bills don’t work — they do.
Here’s a look at what’s next for paper money featuring the late Queen:
The Queen’s portrait on British banknotes and coins is expected to be replaced with a likeness of the new King Charles III, but it won’t be immediate.
“Current banknotes bearing the likeness of Her Majesty The Queen will continue to be legal tender,” the Bank of England said. An announcement on existing paper money issued by the UK’s central bank will be made after the end of the official 10-day mourning period, he said.
The Royal Mint, which is the official maker of Britain’s coins, said all coins with her portrait “remain legal tender and in circulation”, with more information to come later.
“As we observe this period of respectful mourning, we continue to mint coins as usual,” the Royal Mint said on its website.
With 4.7 billion British banknotes worth 82 billion pounds ($95 billion) in circulation and around 29 billion coins, British money bearing the image of the Queen is likely to be in circulation for years.
“Rather than all current coins and banknotes will be handed over, the process will be gradual and many coins featuring portraits of Queen Elizabeth II will remain in circulation for many years to come,” according to Coin Expert, a Briton. coin search site.
After Charles wins the crown at his coronation, a new portrait will need to be taken for use on redesigned banknotes and coins, the website said.
Coins depicting him will show him facing left, replacing the Queen’s gaze to the right in keeping with tradition dating back to the 17th century. It dictates that monarchs be depicted in profile and facing away from their predecessors.
WHAT ABOUT OTHER COUNTRIES?
Currencies from other nations that feature the Queen – Australian, Canadian and Belizean dollars – will also be updated with the new monarch, but the process could take longer, as “it’s much easier to apply a new design in the country where it originates, rather than in other countries where different jurisdictions may take place,” the Coin Expert website said.
The Bank of Canada said its current $20 banknote, made of synthetic polymer, is designed “to circulate for years to come.”
“There is no legislative requirement to change the design within a prescribed time frame when the monarch changes,” the Bank of Canada said.
Typically, when a new portrait subject is chosen for Canadian money, the process begins with the development of a new design, and a new banknote is ready to be issued “a few years later,” said the bank.
The Reserve Bank of New Zealand has said it will issue its entire stock of coins featuring the Queen before new ones come out featuring Charles’ image. The Queen also features on the $20 note, which is issued “infrequently” and there are “no plans to destroy stock or shorten the life of existing notes simply because they show the Queen”, the bank said.
“It will be several years before we need to introduce coins depicting King Charles III, and longer until supplies of $20 notes run out,” he added.
She first appeared on Silver when she was still a princess. It was 1935, when Canada’s $20 note featured 8-year-old Princess Elizabeth, whose grandfather King George V was then monarch, as part of a new series tickets.
Canadian $20 notes were updated with a new portrait of the Queen in 1954, a year after her coronation, and her portrait also began to appear on other currencies around the world, primarily the British colonies and Commonwealth countries.
British bills did not obtain his image until 1960, seven years after his coronation. It was then that the Bank of England was allowed to use his likeness on paper money, starting with the pound note, although the formal, regal image was criticized for being too harsh and unrealistic .
She became the first monarch to appear on British banknotes. British coins, on the other hand, have featured kings and queens for over 1,000 years.
CURRENCIES OUTSIDE THE UK
At one point, Queen Elizabeth II appeared on at least 33 different currencies, more than any other monarch, a feat noted by Guinness World Records.
Her image is still present on money in places where she remains a beloved figure, such as Canada, and continues to incorporate the Union Jack into their flags, such as Australia and New Zealand.
It is also found on notes and coins issued by the Eastern Caribbean Central Bank, the monetary authority of a group of small nations including Antigua and Barbuda, Dominica, Grenada, Montserrat, St. Kitts and -Nevis, Saint Lucia and Saint Vincent and the Grenadines.
Other places have long since stopped putting his face on their currency. After Jamaica gained independence from Britain in 1962, its central bank replaced the Queen on paper banknotes with portraits of national heroes such as Marcus Garvey.
Notes in Seychelles now feature the local fauna instead of the queen. Bermuda has done a similar overhaul, although the Queen retains a minor stance on bills. Trinidad and Tobago exchanged coats of arms after becoming a republic.
Hong Kong dollars issued after Britain returned its colony to Beijing in 1997 feature Chinese dragons and skyscrapers on the skyline of the Asian financial hub.
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