The pound was the currency of Zambia from independence in 1964 until decimalization on January 16, 1968. It was subdivided into 20 shillings, each of 12 pence.
.jpg) £1 note | |
| Unit | |
|---|---|
| Symbol | £ |
| Denominations | |
| Subunit | |
| 1⁄20 | shilling (s or /–) |
| 1⁄240 | penny (d) |
| Banknotes | 10/–, £1, £5 |
| Coins | |
| Rarely used | 1d, 6d, 1/–, 2/– |
| Demographics | |
| User(s) | Zambia |
| Issuance | |
| Central bank | Bank of Zambia |
| Website | www |
History edit
The Zambian pound replaced the Rhodesia and Nyasaland pound at par. It was pegged 1:1 to sterling and was replaced by the kwacha at a rate of £1 = ZK2 or ZK1 = 10/–.
Coins edit
In 1964, cupro-nickel 6d, 1/– and 2/– coins were introduced, followed by a 5/– coin in 1965, and holed, bronze 1d coins in 1966.
Banknotes edit
In 1964, the Bank of Zambia introduced notes in denominations of 10/–, £1 and £5.
| 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 edit
- 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 edit
| 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 |