King Charles greets Bank of England governor for historic moment he is presented with bank notes bearing his portrait - replacing his late mother

King Charles today greeted the governor of the Bank of England for a historic meeting where he was presented with the first banknotes bearing his portrait. King Charles is only the second British monarch to grace the Bank of England's notes - and it is the first time one sovereign's image has been replaced with another. King Charles III is presented with the first bank notes featuring his portrait from the Bank of England Governor Andrew Bailey at Buckingham Palace The King and Mr Bailey were joined by Sarah John, the Bank of England's Chief Cashier, whose signature appears on the currency Pictured are one side of the £5 and £10 bank notes which bear a portrait of King Charles III, and which will enter circulation on June 5, 2024 The other side of the bank notes will remain the same as they were previously. The other side of the £5 and £10 bank notes can be seen on the left, while the £20 and £50 notes bearing the King's face can be seen on the right Although notes began to be issued from the late 17th century, Charles's mother, Queen Elizabeth II, was the first British sovereign to be given the honour in 1960 on a £1 paper note. King Charles III reacts to the first bank notes featuring his portrait as Bank of England Governor Andrew Bailey shows him the leather-bound booklet The meeting between the Governor of the Bank of England and King Charles took place this morning A view of the £5 and £10 bank notes bearing a portrait of King Charles III, which will enter circulation on June 5 A £5 bank note bearing a portraitof King Charles III, which will enter circulation on June 5 The King gave a broad grin as he greeted his guests in the 1844 Room King Charles III is presented with the first bank notes featuring his portrait from the Bank of England Governor Andrew Bailey and Sarah John, the Bank of England's Chief Cashier Charles received a leather-bound booklet containing the historic legal tender from Andrew Bailey New notes will only be printed to replace worn-out ones and to meet any overall increase in demand in order to minimise the environmental and financial impact of the change - in keeping with the Royal Household's request.