Zambian pound

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Zambian pound
Zambia Pound-(1964).jpg
1 pound
Central bank Bank of Zambia
 Website www.boz.zm
User(s) Zambia
Subunit
 1/20 shilling
 1/240 penny
Symbol £
Coins
 Rarely used 1, 6 pence, 1, 2 shillings
Banknotes 10 shillings, £1, £5

The 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[edit]

The Zambian pound replaced the Rhodesia and Nyasaland pound at par. It was pegged to the British pound at par and was replaced by the kwacha at a rate of 2 kwacha = 1 pound or 1 kwacha = 10 shillings.

Coins[edit]

In 1964, cupro-nickel 6 pence, 1 and 2 shilling coins were introduced, followed by holed, bronze 1 penny coins in 1966.

Banknotes[edit]

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[edit]

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