King Charles III's image will appear on New Zealand coins, the Reserve Bank of New Zealand (RBNZ) has confirmed.
Director of Money and Cash Ian Woolford says the King has recently approved application of the effigy (the image).
The King will face to the left, in keeping with the convention that the direction changes between sovereigns.
“While it’s unlikely that New Zealanders will see the new effigy in their change until 2027. It will be seen on our legal tender coins for the first time with the 2024 proof currency set to be produced by NZ Post under licence from the Reserve Bank.
“The first circulating coin to bear the new effigy will likely be the 10-cent piece, with an expected minting date of 2025. The first mintings of the other 4 denominations with the new image are likely to be in 2027."
He said coins typically enter circulation about two years after production.
“These anticipated timings are based on typical demand and stock levels, which are kept sufficient to deal with any demand spikes or supply chain issues.
“The new coins will have the same physical characteristics as those bearing the effigy of the late Queen Elizabeth II. We will not be withdrawing any existing coins in circulation, and these will remain legal tender."
Woolford said RBNZ will update on circulation dates as the time nears, and work with cash handling machine manufacturers to confirm there are no glitches with acceptance of the new coins.
The effigy was designed for the Royal Mint by Dan Thorne.
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