So, quite a few people in Commonwealth Countries around the globe are apparently concerned, or at least journalists are claiming such concern, about the status of their banknotes and coins with the Queen Elizabeth II's image on them.
The short answer: No worries, it is all still fully legal tender and remains so even with a new monarch and upon the passing of her majesty.
The Detroit News: Queen Elizabeth is featured on several currencies. Now what?
Longer answer: The banknotes and coins will continue to circulate and eventually be retired as they go through their respective banking systems. As the current notes and coins get worn out, new notes with the new monarch's visage enter circulation - which is going to take quite a lot of time.
In fact, even much older series notes from many years ago can still be used or exchanged with your central bank (and often your local bank accepts them) for new notes.
But, those older series notes likely have a higher numismatic value than
their face value if in excellent condition as a collectible at this
point. So, you may not want to turn in your crisp and shiny old
banknotes just now. However, the recent dated crumpled up notes in your pocket with her portrait likely won't bring much of a premium over face value now or in the immediate future.
2 comments:
And that's not ALL that has to be changed... Military uniforms, the official song, postal boxes, and on and on...
old NFO: Yes, there's going to need to be a lot of changes made and after 70 years of stability under one monarch for the UK & commonwealth, a lot of it will likely be a bit jarring.
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