Zambian pound
Zambian pound | |
---|---|
Denominations | |
Subunit | |
1/20 | shilling |
1/240 | penny |
Symbol | £ |
Banknotes | 10 shillings, £1, £5 |
Coins | |
Rarely used | 1, 6 pence, 1, 2 shillings |
Demographics | |
User(s) | Zambia |
Issuance | |
Central bank | Bank of Zambia |
Website | www |
The Zambian pound was the currency in Zambia from independence in 1964 until decimalization on January 16, 1968. It was subdivided into 20 shillings, each of 12 pence.
History[]
The Zambian pound replaced the Rhodesia and Nyasaland pound at par. It was pegged to the pound sterling at par and was replaced by the kwacha at a rate of 2 kwacha = 1 pound or 1 kwacha = 10 shillings.
Coins[]
In 1964, cupro-nickel 6 pence, 1 and 2 shilling coins were introduced, followed by a 5 Shillings in 1965, and holed, bronze 1 penny coins in 1966.
Banknotes[]
In 1964, the Bank of Zambia introduced notes in denominations of 10 shillings, 1 and 5 pounds.
Image | Denomination | Obverse | Reverse |
---|---|---|---|
[1] | 10 shillings | Chaplin's barbet | Farmers plowing with tractor and oxen |
[2] | 1 pound | Black-cheeked lovebird | Mining tower and conveyors |
[3] | 5 pounds | Wildebeest | Victoria Falls |
References[]
- Krause, Chester L.; Clifford Mishler (1991). Standard Catalog of World Coins: 1801–1991 (18th ed.). Krause Publications. ISBN 0873411501.
- Pick, Albert (1994). Standard Catalog of World Paper Money: General Issues. Colin R. Bruce II and Neil Shafer (editors) (7th ed.). Krause Publications. ISBN 0-87341-207-9.
External links[]
Preceded by: Rhodesia and Nyasaland pound Reason: independence Ratio: at par |
Currency of Zambia 1964 – 1968 |
Succeeded by: Zambian kwacha Ratio: 2 kwacha = 1 pound |
Categories:
- Currencies of Africa
- Currencies of the Commonwealth of Nations
- History of Zambia
- Modern obsolete currencies
- 1964 establishments in Zambia
- 1968 disestablishments in Zambia
- Currencies of Zambia
- 1960s economic history
- Pound (currency)