Zambian pound explained

Image 1:Zambia_Pound-(1964).jpg
Image Title 1:£1 note
Using Countries:Zambia
Subunit Name 1:shilling (s or /–)
Subunit Name 2:penny (d)
Symbol:£
Rarely Used Coins:1d, 6d, 1/–, 2/–
Used Banknotes:10/–, £1, £5
Issuing Authority:Bank of Zambia

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.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Zambian pound".

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Image Denomination Obverse Reverse
http://coinsbanknotespictures.blogspot.com/2011/03/currency-of-zambia-10-shillings.html 10 shillingsChaplin's barbetFarmers plowing with tractor and oxen
http://coinsbanknotespictures.blogspot.com/2011/11/zambia-banknotes-1-pound-note-of-1964.html 1 pound Mining tower and conveyors
http://coinsbanknotespictures.blogspot.com/2011/11/zambia-banknotes-5-pounds-banknote-of.html 5 pounds Victoria Falls