Zambian pound

Zambian pound
	£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.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.

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.

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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Currency units named pound, lira, or similar
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See also	Pound sign (£) Dinar Pound (mass) (℔) Roman currency Carolingian monetary system £sd