Zambian pound
From Infogalactic: the planetary knowledge core
| Zambian pound | |
|---|---|
| 252px
1 pound
|
|
| Central bank | Bank of Zambia |
| Website | www |
| 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
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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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