Rhodesia and Nyasaland pound

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Rhodesia and Nyasaland pound
Central bank Bank of Rhodesia and Nyasaland
User(s)  Rhodesia and Nyasaland
Pegged with British pound at par
Subunit
 1/20 shilling
 1/240 penny
Symbol £
shilling s
penny d
Plural  
penny pence
Coins ½, 1, 3, 6 pence, 1, 2, 2½ shillings
Banknotes 10 shillings, £1, £5, £10
This infobox shows the latest status before this currency was rendered obsolete.

The pound was the currency of the Federation of Rhodesia and Nyasaland. It was subdivided into 20 shillings, each of 12 pence.

History[edit]

The Federation was formed in 1953, and the new currency was created in 1955 to replace the Southern Rhodesian pound which had been circulating in all parts of the federation (Southern Rhodesia, Northern Rhodesia, and Nyasaland). The Rhodesia and Nyasaland pound replaced the Southern Rhodesian pound at par and was pegged at par to the British pound.

The Federation broke up at the end of 1963 and the three territories reverted to being separate British colonies. In the second half of 1964, Nyasaland became independent as Malawi, Northern Rhodesia became independent as Zambia, and Southern Rhodesia declared a name change to Rhodesia. Each issued their own pounds, at par with the Rhodesia and Nyasaland pound. See Malawian pound, Zambian pound and Rhodesian pound.

Coins[edit]

half penny of 1958

The Federation also issued its own coinage. In 1955 a full new set of coins were issued with the Mary Gillick obverse of the Queen and various African animals on the reverse. The denominations followed those of sterling, namely halfpennies and pennies, which had a hole in them, threepences (known as tickeys), sixpences, shillings, a two shilling piece and a half crown. There were further full issues of all these coins in 1956 and 1957, but thereafter only pennies and half pennies were produced until some further issues of sixpences in 1962 and 1963, and threepences in 1963 and 1964. The higher denomination coins, though not particularly rare, are very popular with collectors because of their attractive reverse designs. Threepences and halfpennies were struck in 1964 despite the fact the Federation ended on 31 December 1963.

Banknotes[edit]

From 1956 to 1961, the Bank of Rhodesia and Nyasaland introduced notes for 10 shillings, 1, 5 and 10 pounds.[1]

1956-1961 Elizabeth II Issue
Image Denomination Obverse Reverse
10 shillings Queen Elizabeth II Zambezi River
[1] 1 pound Queen Elizabeth II Great Zimbabwe ruins
[2] 5 pounds Queen Elizabeth II Victoria Falls
10 pounds Queen Elizabeth II Elephants

References[edit]

  1. ^ Linzmayer, Owen (2012). "Rhodesia and Nyasaland". The Banknote Book. San Francisco, CA: www.BanknoteNews.com. 

External links[edit]

Preceded by:
Southern Rhodesian pound
Reason: creation of federation
Ratio: at par
Currency of Rhodesia and Nyasaland
1956 – 1964
Succeeded by:
Malawian pound
Location: Malawi
(formerly Nyasaland)

Reason: independence
Ratio: at par
Succeeded by:
Rhodesian pound
Location: Rhodesia
(formerly Southern Rhodesia)

Reason: federation break-up
Ratio: at par
Succeeded by:
Zambian pound
Location: Zambia
(formerly Northern Rhodesia)

Reason: independence
Ratio: at par