The Bank of England’s staff wish to express their heartfelt condolences to the Royal Family, following news of the death of Her Majesty Queen Elizabeth II.
Governor Andrew Bailey said: “It was with profound sadness that I learned of the death of Her Majesty The Queen. On behalf of everyone at the Bank I would like to pass on my deepest condolences to the Royal Family. For most of us, she is the only head of state we have ever known, and will be remembered as an inspirational figure for our country and the Commonwealth.”
As the first monarch to feature on Bank of England banknotes, the Queen’s iconic portraits are synonymous with some of the most important work we do. Current banknotes featuring the image of Her Majesty The Queen will continue to be legal tender. A further announcement regarding existing Bank of England banknotes will be made once the period of mourning has been observed.
A bank holiday for the state funeral of HM The Queen has been announced for Monday 19 September 2022.
In line with usual bank holiday processes, CHAPS – the UK’s high value payment system – will be closed, as will the RTGS service which is used by other market infrastructures for final settlement.
The Bank of England’s counter and museum will also be closed to the public on Monday 19 September 2022.