THERE are no plans to issue new Jersey banknotes bearing the image of King Charles III, the government has confirmed.
Although King Charles is approaching the fourth anniversary of his accession to the throne, which occurred on 8 September 2022, there is no immediate prospect of Jersey following the Bank of England by issuing a fresh set of notes.
Amid a backdrop of declining use of cash, used for just 9% of consumer payments in the UK in 2024, Jersey’s Treasury Department referred to a “significant” reserves of old notes.
In a statement, the department said: “The Government of Jersey currently holds a significant stock of the latest ‘D‑class’ family of notes – this reflects the need for large minimum print runs in order to achieve value for money in a smaller jurisdiction.”
Jersey D-class notes, carrying images of the late Queen Elizabeth II, were issued in 2010.
The department added: “It is expected that the existing stock will be utilised – this approach ensures that unnecessary costs are avoided and that value is maintained on behalf of the public.”
Bank of England notes bearing the King’s image were first issued in June 2024, although the majority of notes in circulation in the UK still date from Queen Elizabeth’s reign.
A review of cash payments was carried out during the last political term by the Economic and International Affairs Scrutiny Panel.
As part of the report, published in February 2025, panel chair Deputy Montfort Tadier expressed concern about the lack of government planning around the implications of moving towards a situation where cash was no longer widely accepted.
In March of this year Deputy Tadier successfully brought a proposition to the States Assembly supporting Islanders “right and expectation to pay in cash for in-person goods and services.
As part of the proposition, supported by 31 votes to eight, the Council of Ministers was directed to ensure that cash must be accepted by January 2028, unless they met guidelines for “reasonable exemptions”.
Ministers were also required to bring forward a policy paper on the long-term plans for access to cash and cash usage in the Island by March 2027.
