Zambian pound

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Zambian pound
Zambia Pound-(1964).jpg
1 pound
Denominations
Subunit
 1/20shilling
 1/240penny
Symbol£
Banknotes10 shillings, £1, £5
Coins
 Rarely used1, 6 pence, 1, 2 shillings
Demographics
User(s)Zambia
Issuance
Central bankBank of Zambia
 Websitewww.boz.zm

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[edit]

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[edit]

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[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]

  • 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