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What happens to the banknote when the queen dies (and how much Charles III inherited)

Ursula Curtis by Ursula Curtis
September 9, 2022
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What happens to the banknote when the queen dies (and how much Charles III inherited)
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ISabelle II, who died after 70 years on the throne, was Britain’s longest-reigning and longest-reigning queen. His disappearance and Charles III’s accession to the throne will lead to changes in many aspects of daily life in the United Kingdom, one of which is linked to Notes and coins.

from here, The face of the new King Charles III will begin to appear on coins and banknotes in the United Kingdom and other countries around the world, replacing the portrait of Queen Elizabeth II..

The The statue of Charles III will also appear on many other coins Used in Canada, Australia, New Zealand and some Caribbean countries. The same would happen in the Channel Islands of Jersey, Guernsey, and the Isle of Man, as well as in Gibraltar, Saint Helena, and the Falklands (for the British), and the islands and territories controlled by the British Crown.

In 1936, during the reign of King Edward VIII, which lasted 326 days, coins were minted, but the king abdicated before they were put into circulation.

And on stamps?

Elizabeth II’s face also appears on the stamps while the letters “EIIR”, an acronym for Elizabeth II Regina, as well as the insignia of British police helmets, will also be changed.

Carlos III inherits the throne and a personal fortune of 427 million euros

King Charles III inherited the throne of the United Kingdom from his mother and A personal fortune of 370 million pounds sterling (about 427 million euros), he will get it without paying inheritance tax, a privilege reserved for property transfers.

Queen Elizabeth II, who died on Thursday at the age of 96, had a personal fortune estimated this year at £370 million, five million more than in 2021, according to the British Sunday Times.

wealth part inheritance Such as Balmoral Castle in Scotland, where Elizabeth II died and which is the summer destination of the British royal family. The residence of Sandringham, England, is also the private property of the British monarch, and is where the family usually celebrates the New Year.

It was the queen too Large Stock Portfolio and Royal Stamp Set It is estimated to be worth 100 million pounds (115 million euros), according to the British newspaper The Times in 2021.

Elizabeth II’s fortune will add to the personal wealth already owned by Charles III, which is estimated at €100 million, according to celebritynetworth.com.

the famous british crown jewels They are valued at around three billion pounds (3.5 million euros) and symbolically belong to the Queen, and are now automatically passed on to her successor.

Charles III also inherits Duchy of Lancaster, real estate since the Middle Ages, which generated £24 million (about €27 million) of the British monarch’s private income in the last financial year. However, with the assumption of the throne, Charles lost the Duchy of Cornwall, which belongs to the eldest son of the British monarch and which generates about 21 million pounds (about 24 million euros) annually.

Carlos will also receive a file An annual “sovereign grant” from the British Treasury, which was set at 15 per cent of income from Crown assets and which in 2021-2022 amounted to £86.3m (approximately €100m), although containing an additional tranche of over £34m (about £40m). EUR) to renew. Buckingham Palace in London.

Read also: King Carlos III meets today with the Prime Minister and talks to the country

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Ursula Curtis

“Writer. Analyst. Avid travel maven. Devoted twitter guru. Unapologetic pop culture expert. General zombie enthusiast.”

Ursula Curtis

Ursula Curtis

"Writer. Analyst. Avid travel maven. Devoted twitter guru. Unapologetic pop culture expert. General zombie enthusiast."

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