Zambian pound

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.boz.zm

The Zambian 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 pound sterling 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 a 5 Shillings in 1965, and 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.

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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See also	Dinar Pound sign Pound (mass)