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.

Zambian pound
£1 note
Unit
Symbol£
Denominations
Subunit
120shilling (s or /–)
1240penny (d)
Banknotes10/–, £1, £5
Coins
 Rarely used1d, 6d, 1/–, 2/–
Demographics
User(s)Zambia
Issuance
Central bankBank of Zambia
 Websitewww.boz.zm

History

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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

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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

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In 1964, the Bank of Zambia introduced notes in denominations of 10/–, £1 and £5.

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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  • 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.
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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