Today the Bank of England (BoE) released the designs for the British Pound that now has King Charles III similitude on them.
Charles III is depicted as being a bit younger and youthful on the tender versus what he looks like now.
The BoE noted in their press release that the older bills with Queen Elizabeth II’s inscription on them will currently be allowed to still circulate simultaneously along with the King Charles ones.
As previously explained in WinePress report, a multitude of other nations will also have to change their currencies to include King Charles III on them because of the British Commonwealth. These nations include:
- Australia
- Bahamas
- Belize
- Bermuda
- British Caribbean Territories
- British Honduras
- Canada
- Cayman Islands
- Ceylon
- Cyprus
- East African Currency Board
- East Caribbean States
- Falkland Islands
- Fiji
- Gibraltar
- Great Britain (Bank of England)
- Guernsey
- Hong Kong
- Isle of Man
- Jamaica
- Jersey
- Malaya and North Borneo
- Malta
- Mauritius
- New Zealand
- Rhodesia and Nyasaland
- Rhodesia
- Saint Helena
- Scotland (Royal Bank of Scotland)
- Seychelles
- Solomon Islands
- Southern Rhodesia
- Trinidad and Tobago
- Zambia (essay only)
CNBC noted that Australia and New Zealand have already announced that will be replacing the Elizabeth’s image with Charles’, but no dates have been given. Canada is one of the few on the list where exceptions can be made, as they currently have no plans to make the switch.
The BoE said that they believe these new bills will begin to circulate in 2024.
We expect the new banknotes to enter circulation by mid-2024.
The BoE wrote in a statement
‘The first coins bearing [Charles] likeness entered circulation earlier this month, the Royal Mint has previously announced,’ NDTV reported.
But will these physical notes actual reach circulation, especially considering that so many other nations have to update their currencies as well? British commentator Hugo Talks seriously questions that and believes central bank digital currencies (CBDC) will be released before these new notes ever actual get circulated.
Roughly a month ago The WP reported that U.K. Prime Minister Rishi Sunak was greatly urged to consider implementing an universal basic income system that would be linked to a CBDC, as a means of fighting poverty and homelessness. Sunak and his family already have previous ties in developing technology to facility digital payments and IDs, as explained in that article.
In more recent days the Bank of England revealed that they are working on a CBDC, per Chancellor of the Exchequer Jeremy Hunt.
Hunt, in a letter to Parliament dated on December 9th, said, ‘To ensure the sector is prepared to embrace and facilitate the adoption of cutting-edge technologies,’ the government will be doing the following actions:
- Setting up a Financial Market Infrastructure Sandbox in 2023, and is legislating to implement this in the FSM Bill. This will enable firms to test and adopt new technology and innovations, such as distributed ledger technology, in providing the infrastructure services that underpin markets.
- Working with the regulators and market participants to bring forward a new class of wholesale market venue, which would operate on an intermittent trading basis. This highly innovative approach would be a global first and would act as a bridge between public and private markets, boosting the UK as a destination for all companies to get the investment they need to create jobs and grow.
- Legislating in the FSM Bill to establish a safe regulatory environment for stablecoins – which may be used for payments – and ensure the government has the necessary powers to bring a broader range of investment-related cryptoasset activities into UK regulation.
- Publishing its formal response to the consultation on expanding the Investment Manager Exemption to include cryptoassets, which will facilitate their inclusion in the portfolios of overseas funds managed in the UK. The government intends for this change to be made through HMRC regulations this year
- Bringing forward a consultation in the coming weeks to explore the case for a central bank digital currency – a sovereign digital pound – and consult on a potential design. The Bank of England will also release a Technology Working Paper setting out cutting-edge technology considerations informing the potential build of a digital pound.
Hunt further stated that consumer lending will need to be updated and modernized to gel with this growing digital landscape. “I am confident that the measures announced today, in tandem with the work taken forward through the FSM Bill, will deliver for this key growth sector, and the people and businesses that rely upon it,” he concluded.
No timetables for when this CBDC might be available were given.
Other nations are certainly working to usher in their CBDCs. The U.S. Federal Reserve announced not that long ago that they are testing out their digital currency with some of the country’s largest megabanks.
Places like Nigeria have stepped-up the pressure for the people to use their CBDC by restricting ATM and over-the-counter transactions to only $45 for personal banking, with businesses not getting much more lenience either.
SEE: European Central Bank Partners With Amazon And Other Companies To Trial Digital Euro
AUTHOR COMMENTARY
Time will tell but I doubt these new Charles-branded notes will ever reach circulation, or a very limited amount at the maximum. Clearly the CBDCs are on the way and THAT is the real goal of central banks around the world; which will of course be linked to social credit scores, digital IDs, vaccine passports, food ration IDs, etc.
As I explained with the Nigeria quagmire going on right now, that same constricting method they are employing over there will undoubtable be replicated elsewhere: start by softly enticing everyone to accept it, and when no one does then the central banks will indirectly mandate it.
CBDCs and the social credit scores are necessary to lay the next building block to usher in the mark of the beast.
[16] And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: [17] And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name. [18] Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six. Revelation 13:16-18
[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).
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I don’t know, Jacob. Could be. Sounds like a pretty good money laundering & transfer scam for cronies facilitating the purpose driven collapse. They just might ‘squeeze it in’.