After a chaotic six-week spell in Downing Street, the UK Prime Minister Liz Truss announced her resignation. Truss said she has tendered her resignation to the King, and the leadership election will take place within a week.
The Royal Mint, the official maker of UK coins, has confirmed that coins featuring the portrait of His Majesty King Charles III will enter circulation.
There are approximately 27 billion coins currently circulating in the UK bearing the effigy of Queen Elizabeth II.
“Queen Elizabeth II ruled with heart and devotion, and will be dearly missed by millions of people around the world.
The King’s portrait will first appear on a £5 coin and 50p commemorating the life and legacy of Her Late Majesty Queen Elizabeth II. The 50p will enter circulation to mark the historic moment, and coins featuring His Majesty and Queen Elizabeth II will co-circulate in the UK.
The King’s effigy has been created by renowned British sculptor Martin Jennings, and has been personally approved by His Majesty. In keeping with tradition, The King’s portrait faces to the left, the opposite direction to Queen Elizabeth II. The Latin inscription surrounding the effigy reads “• CHARLES III • D • G • REX • F • D • 5 POUNDS • 2022” which equates to ‘Charles III, by the Grace of God, King, Defender of the Faith’. The effigy will start to appear on circulating and commemorative coins produced by The Royal Mint over the coming months.