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Cash is king: Charles III banknotes enter circulation

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New notes featuring King Charles III. [Bank of England/PA]

British banknotes bearing the image of King Charles III entered circulation for the first time on Wednesday, nearly two years after he succeeded his mother Queen Elizabeth II.

The four banknotes with the king's portrait on the front carry values of PS5 ($6.4), PS10, PS20 and PS50 and will be used alongside those bearing the image of Elizabeth, who died in September 2022.

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