Southern Rhodesian pound
From Wikipedia, the free encyclopedia
| Southern Rhodesian pound | |
| User(s) | Southern Rhodesia |
|---|---|
| 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 |
| This infobox shows the latest status before this currency was rendered obsolete. | |
The pound was the currency of Southern Rhodesia. It also circulated in Northern Rhodesia and Nyasaland. The pound was subdivided into 20 shillings, each of 12 pence.
Contents |
[edit] History
From 1896, private banks issued notes denominated in pounds equal to the British pound. In 1932, a distinct coinage was introduced. In 1938, the Southern Rhodesia Currency Board was established and took over the issuance of paper money the following year. Southern Rhodesia, Northern Rhodesia and Nyasaland joined in 1953 to form the Federation of Rhodesia and Nyasaland, which continued to use the Southern Rhodesian pound until 1955 when coins were introduced for the Rhodesia and Nyasaland pound. 1955 also saw the Southern Rhodesia Currency Board renamed the Central Africa Currency Board. In 1956, the first paper money of the Rhodesia and Nyasaland pound was introduced, completing the transition.
[edit] Coins
In 1932, .925 fineness silver coins were introduced in denominations of 3 and 6 pence, 1 and 2 shillings, and ½ crown (2½ shillings). These were followed in 1934 by holed, cupro-nickel ½ and 1 penny coins. In 1942, bronze replaced cupro-nickel, whilst the silver coins were debased to .500 fineness in 1944 and replaced by cupro-nickel in 1947. Coins were issued until 1954.
[edit] Banknotes
In 1896, the Salisbury branch of the Standard Bank of South Africa introduced the first Southern Rhodesian banknotes, in denominations of 1 and 5 pounds. This bank later issued 10 shilling notes. The Bank of Africa, Barclays Bank and the National Bank of South Africa also issued notes. These private bank issues ended in 1938.
In 1939, the Southern Rhodesia Currency Board introduced 10 shilling, 1 and 5 pound notes, followed by 5 shilling notes between 1943 and 1948 and 10 pounds in 1953. In 1955, the Central Africa Currency Board issued notes in denominations of 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.
- Pick, Albert (1990). Standard Catalog of World Paper Money: Specialized Issues, Colin R. Bruce II and Neil Shafer (editors), 6th ed., Krause Publications. ISBN 0-87341-149-8.
[edit] External links
- Don's World Coin Gallery - Southern Rhodesia
- Ron Wise's World Paper Money - Southern Rhodesia 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)
| Preceded by: British pound Reason: creation of local currency Ratio: at par |
Currency of Southern Rhodesia 1940 – 1953 |
Currency of Rhodesia and Nyasaland 1953 – 1956 |
Succeeded by: Rhodesia and Nyasaland pound Location: Rhodesia and Nyasaland Reason: formation of federation Ratio: at par |
| Circulates in Northern Rhodesia 1940 – 1953 |
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| Circulates in Nyasaland 1940 – 1953 |
