after leaving Queen Elizabeth II, some changes have occurred in the UK. For approximately 12 days, England will observe a period of national mourning.
One of the changes that will occur is silver and coins in circulation with a portrait of Queen Elizabeth II. Reported british underground, On Friday (9/9/2022), after the death of the Queen, the money and coins in circulation today will be replaced by the face of King Charles III.
This means that a new portrait of Charles will be commissioned. The new multi-million pound coinage will be minted by the Royal Mint and distributed across the UK.
This process can be done in stages. Thus, the currency featuring the end Queen Elizabeth II probably still in circulation months and years after its disappearance.
It should also be noted that the portrait of the late Queen Elizabeth II is not just on British money. Guinness World Records notes that the portrait of Queen Elizabeth II is depicted on the currencies of 35 countries around the world, including Canada, Jamaica, New Zealand, Fiji and Cyprus. Therefore, it is likely that they will also have to undergo changes to their banknotes and coins.
Similar to coins, the new stamps will also see a gradual shift towards the portrait of King Charles. However, stamps with a portrait of Queen Elizabeth II can still be used.
LONDON – SEPTEMBER 09: Tributes are paid outside Buckingham Palace on September 09, 2022 in London, United Kingdom. Elizabeth Alexandra Mary Windsor was born in Bruton Street, Mayfair, London on April 21, 1926. She married Prince Philip in 1947 and acceded to the throne of the United Kingdom and Commonwealth on February 6, 1952 after the death of her father, the King George VI. Queen Elizabeth II died at Balmoral Castle in Scotland on September 8, 2022 and was succeeded by her eldest son, King Charles III. (Photo by Gareth Copley/Getty Images) Photo: Getty Images
On the other hand, not only the physical currency, other sectors of financial instruments, stocks, have also experienced changes. On the first exchange after the announcement of his death Queen Elizabeth IIthe London Stock Exchange opened yesterday in the green zone.
The FTSE 100 index rose after closing slightly higher. The FTSE 100 index opened 0.91% or 67 points higher at 7,329. Moments later the strengthening continued rising 1.04% to 7,338.
Whereas previously reported mirrors, On Friday (09/09/2022), the exchange is expected to be closed for the 12-day mourning period, if not longer. But that was not the case.
The stock exchange is closed for the funeral of Queen Elizabeth II. Check the next page.
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