Zambian pound

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Zambian pound
Zambia Pound-(1964).jpg
1 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.boz.zm

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 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]

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