LONDON—If the U.K. does vote to leave the European Union, the new currency, the pound sterling, could be back in the currency market.
This could happen as early as June as the European Central Bank and European Parliament set up a special meeting for the new legal tender in a bid to spur the currency’s return to the market.
A British official said the pound would be back into circulation on June 17, which would be the first time since it was introduced in 2012 that it was in circulation.
The official said that the bank would hold a meeting on June 23.
A member of Parliament tweeted on Monday that the pound was likely to be back up in June, but would be held in reserve.
The pound is currently trading around $1.20 per pound, and is down about 20 percent from a high of $1,400 on June 1.