Southern Rhodesian pound

Southern Rhodesian pound
User(s)	Southern Rhodesia
Pegged with	British pound at par
Subunit
1/20	shilling
1/240	penny
Symbol	£
shilling	s
penny	d
Plural
penny	pence
Coins	½, 1, 3, 6 pence, 1, 2, 2½ shillings
Banknotes	10 shillings, £1, £5, £10
This infobox shows the latest status before this currency was rendered obsolete.

The pound was the currency of Southern Rhodesia. It also circulated in Northern Rhodesia and Nyasaland. The pound was subdivided into 20 shillings, each of 12 pence.

History

From 1896, private banks issued notes denominated in pounds equal to the British pound. In 1932, a distinct coinage was introduced. In 1938, the Southern Rhodesia Currency Board was established and took over the issuance of paper money the following year. Southern Rhodesia, Northern Rhodesia and Nyasaland joined in 1953 to form the Federation of Rhodesia and Nyasaland, which continued to use the Southern Rhodesian pound until 1955 when coins were introduced for the Rhodesia and Nyasaland pound. 1955 also saw the Southern Rhodesia Currency Board renamed the Central Africa Currency Board. In 1956, the first paper money of the Rhodesia and Nyasaland pound was introduced, completing the transition.

Coins

In 1932, .925 fineness silver coins were introduced in denominations of 3 and 6 pence, 1 and 2 shillings, and ½ crown (2½ shillings). These were followed in 1934 by holed, cupro-nickel ½ and 1 penny coins. In 1942, bronze replaced cupro-nickel, whilst the silver coins were debased to .500 fineness in 1944 and replaced by cupro-nickel in 1947. Coins were issued until 1954. In 1953 a crown (5 shilling) coin of .500 fineness (.45 ounce actual silver weight) was minted to commemorate the centennial of the birth of Cecil Rhodes. 124,000 were produced for circulation, plus 1500 minted as Proof coinage.

Banknotes

In 1896, the Salisbury branch of the Standard Bank of South Africa introduced the first Southern Rhodesian banknotes, in denominations of 1 and 5 pounds. This bank later issued 10 shilling notes. The Bank of Africa, Barclays Bank and the National Bank of South Africa also issued notes. These private bank issues ended in 1938.

In 1939, the Southern Rhodesia Currency Board introduced 10 shilling, 1 and 5 pound notes, followed by 5 shilling notes between 1943 and 1948 and 10 pounds in 1953. In 1955, the Central Africa Currency Board issued notes in denominations of 10 shillings, 1, 5 and 10 pounds.

1939-1952 George VI Issue
Image	Denomination	Obverse	Reverse
	5 shillings	King George VI	5 Shillings
	10 shillings	King George VI	Victoria Falls
[1]	1 pound	King George VI	Great Zimbabwe ruins
	5 pounds	King George VI	Victoria Falls

1952-1954 Elizabeth II Issue
Image	Denomination	Obverse	Reverse
[2]	10 shillings	Queen Elizabeth II	Victoria Falls
	1 pound	Queen Elizabeth II	Great Zimbabwe ruins
	5 pounds	Queen Elizabeth II	Victoria Falls
	10 pounds	Queen Elizabeth II

External links

Preceded by: British pound Reason: creation of local currency Ratio: at par	Currency of Southern Rhodesia 1940 – 1953	Currency of Rhodesia and Nyasaland 1953 – 1956	Succeeded by: Rhodesia and Nyasaland pound Location: Rhodesia and Nyasaland Reason: formation of federation Ratio: at par
	Circulates in Northern Rhodesia 1940 – 1953
	Circulates in Nyasaland 1940 – 1953