Buckingham Palace reveals King Charles III’s new cipher - when will coins, banknotes and stamps change?
Items bearing the new king’s monogram will begin to filter through today
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The new monarch chose the monogram ‘CIIIR’, including a C for Charles and R for Rex, the Latin word for king, from designs by the College of Arms.
The cipher will be used on items such as coins, stamps, passports, uniforms and ‘franking mail’ - a prepaid postage option printed directly on an envelope.
A Scottish version of the cipher will feature the Scottish coat of arms.
Buckingham Palace’s Court Post Office, which handles about 200,000 mail items per year, will frank the first items of mail with the king’s cipher today (Tuesday, September 27).
The late Queen Elizabeth II’s cipher, EIIR, stood for Elizabeth II ‘Regina’, the Latin word for queen, and included a stylized version of St. Edward’s crown.
Buckingham Palace said the decision to replace ciphers will be at the discretion of individual organisations - and the process will be gradual.
When will coins, banknotes and stamps change?
The Royal Mint estimates that there are 27 billion coins bearing the late Queen Elizabeth II’s portrait that will be in circulation ‘for many years to come’.
Anne Jessopp, chief executive officer of The Royal Mint, said: “The first coins bearing the effigy of His Majesty King Charles III will enter circulation in line with demand from banks and post offices.
Stamps bearing King Charles III’s portrait will go into circulation when current stock has sold out, the Royal Mail confirmed.
While the Bank of England said that banknotes bearing the king’s likeness are expected to enter circulation in 2024.
Meanwhile, all existing stamps and currency with the Queen’s image will remain valid.