Zambian pound
.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 |
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.
History
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
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
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
- Krause, Chester L.; Clifford Mishler (1991). ISBN 0873411501.
- Pick, Albert (1994). ISBN 0-87341-207-9.
External links
| 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 |