Zambian pound
From Wikipedia, the free encyclopedia
| Zambian pound | |||
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| 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 | ||
| Central bank | Bank of Zambia | ||
| Website | www.boz.zm | ||
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.
Contents |
[edit] 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.
[edit] Coins
In 1964, cupro-nickel 6 pence, 1 and 2 shilling coins were introduced, followed by holed, bronze 1 penny coins in 1966.
[edit] Banknotes
In 1964, the Bank of Zambia introduced notes in denominations of 10 shillings, 1 and 5 pounds.
[edit] References
- Krause, Chester L. and Clifford Mishler (1991). Standard Catalog of World Coins: 1801-1991, 18th ed., Krause Publications. ISBN 0-87341-150-1.
- 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.
[edit] External links
- Don's World Coin Gallery - Zambia
- Ron Wise's World Paper Money - Zambia Mirror site
- Tables of Modern Monetary Systems by Kurt Schuler - Zambia Mirror site
- The Global History of Currencies - Zambia
- Global Financial Data currency histories table (
Microsoft Excel format)
| 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 |

