Zambian pound

From Infogalactic: the planetary knowledge core
Jump to: navigation, search
Zambian pound
252px
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

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

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

Banknotes

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

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