The Queen’s head also features on some $20 banknotes in Canada, on coins in New Zealand, and on all coins and notes issued by the Eastern Caribbean central bank, as well as other parts of the Commonwealth.Ĭoin designs may alter more slowly than changes for banknotes. An image of the new monarch would be agreed with Buckingham Palace. That changed in 1960 when the face of Elizabeth II began to appear on £1 notes in an image created by the banknote designer Robert Austin, which some criticised as too severe. When the Queen acceded to the throne in 1952, the monarch was not featured on the banknotes. When the latest synthetic £50 notes were issued, the process of recall and replacement took the Bank of England 16 months. Replacing them with alternatives featuring the head of the new monarch is likely to take at least two years. There are 4.5bn sterling bank notes in circulation with the Queen’s face on them, worth a combined £80bn.
The next monarch could incorporate a Welsh element. It has been in use since long before Wales had its own national flag, recognised in 1959.
The version used by the Queen includes one quarter representing Scotland (a lion rampant), one for Northern Ireland (a harp), and two representing England (three lions passant), but none for Wales. It is possible that the royal standard – the quartered flag that flies wherever the monarch is in residence – could also change.
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