Rhodesia and Nyasaland pound
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| Rhodesia and Nyasaland pound | |
| User(s) | Rhodesia and Nyasaland |
|---|---|
| Pegged with | British pound at par |
| Subunit | |
| 1/20 | shilling |
| 1/240 | penny |
| Symbol | £ |
| shilling | s |
| penny | d |
| Plural | |
| penny | pence |
| Coins | ½, 1, 3, 6 pence, 1, 2, 2½ shillings |
| Banknotes | 10 shillings, £1, £5, £10 |
| Central bank | Bank of Rhodesia and Nyasaland |
| This infobox shows the latest status before this currency was rendered obsolete. | |
The pound was the currency of the Federation of Rhodesia and Nyasaland. It was subdivided into 20 shillings, each of 12 pence.
Contents |
[edit] History
The Federation was formed in 1953, and the new currency was created in 1955 to replace the Southern Rhodesian pound which had been circulating in all parts of the federation (Southern Rhodesia, Northern Rhodesia, and Nyasaland). The Rhodesia and Nyasaland pound replaced the Southern Rhodesian pound at par and was pegged at par to the British pound.
The Federation broke up at the end of 1963 and the three territories reverted to being separate British colonies. In the second half of 1964, Nyasaland became independent as Malawi, Northern Rhodesia became independent as Zambia, and Southern Rhodesia declared a name change to Rhodesia. Each issued their own pounds, at par with the Rhodesia and Nyasaland pound. See Malawian pound, Zambian pound and Rhodesian pound.
[edit] Coins
The Federation also issued its own coinage. In 1955 a full new set of coins were issued with the Mary Gillick obverse of the Queen and various African animals on the reverse. The denominations followed those of sterling, namely halfpennies and pennies, which had a hole in them, threepences (known as tickeys), sixpences, shillings, a two shilling piece and a half crown. There were further full issues of all these coins in 1956 and 1957, but thereafter only pennies and half pennies were produced until some further issues of sixpences in 1962 and 1963, and threepences in 1963 and 1964. The higher denomination coins, though not particularly rare, are very popular with collectors because of their attractive reverse designs. Threepences and halfpennies were struck in 1964 despite the fact the Federation ended on 31st December 1963.
[edit] Banknotes
In 1956, the Bank of Rhodesia and Nyasaland introduced notes for 10 shillings, 1, 5 and 10 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 - Rhodesia and Nyasaland
- Ron Wise's World Paper Money - Rhodesia and Nyasaland Mirror site
- Tables of Modern Monetary Systems by Kurt Schuler - Zimbabwe Mirror site
- Tables of Modern Monetary Systems by Kurt Schuler - Malawi Mirror site
- Tables of Modern Monetary Systems by Kurt Schuler - Zambia Mirror site
- The Global History of Currencies - Zimbabwe
- The Global History of Currencies - Malawi
- The Global History of Currencies - Zambia
- Global Financial Data currency histories table (
Microsoft Excel format) - Rhodesian Currency
| Preceded by: Southern Rhodesian pound Reason: creation of federation Ratio: at par |
Currency of Rhodesia and Nyasaland 1956 – 1964 |
Succeeded by: Malawian pound Location: Malawi (formerly Nyasaland) Reason: independence Ratio: at par |
| Succeeded by: Rhodesian pound Location: Rhodesia (formerly Southern Rhodesia) Reason: federation break-up Ratio: at par |
||
| Succeeded by: Zambian pound Location: Zambia (formerly Northern Rhodesia) Reason: independence Ratio: at par |
