Zambian pound

Last updated
Zambian pound
Zambia Pound-(1964).jpg
£1 note
Unit
Symbol £
Denominations
Subunit
120shilling (s or /–)
1240penny (d)
Banknotes10/–, £1, £5
Coins
Rarely used1d, 6d, 1/–, 2/–
Demographics
User(s) Zambia
Issuance
Central bank Bank of Zambia
Website www.boz.zm

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 .

Contents

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.

ImageDenominationObverseReverse
10 shillings Chaplin's barbet Farmers plowing with tractor and oxen
1 pound Black-cheeked lovebird Mining tower and conveyors
5 pounds Wildebeest Victoria Falls

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References

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