Zambian pound
Zambian pound | |
---|---|
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 |
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 |
---|---|---|---|
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 |
References
- Krause, Chester L.; Clifford Mishler (1991). Standard Catalog of World Coins: 1801–1991 (18th ed.). Krause Publications. ISBN 0873411501.
- Pick, Albert (1994). Standard Catalog of World Paper Money: General Issues. Colin R. Bruce II and Neil Shafer (editors) (7th ed.). Krause Publications. 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 |
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