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Southern Rhodesian pound

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

  • History 1
  • Coins 2
  • Banknotes 3
  • References 4
  • External links 5

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.

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. In 1953 a crown (5 shilling) coin of .500 fineness (.45 ounce actual silver weight) was minted to commemorate the centennial of the birth of Cecil Rhodes. 124,000 were produced for circulation, plus 1500 minted as Proof coinage.

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.

1939-1952 George VI Issue
Image Denomination Obverse Reverse
5 shillings King George VI 5 Shillings
10 shillings King George VI Victoria Falls
[1] 1 pound King George VI Great Zimbabwe ruins
5 pounds King George VI Victoria Falls
1952-1954 Elizabeth II Issue
Image Denomination Obverse Reverse
[2] 10 shillings Queen Elizabeth II Victoria Falls
1 pound Queen Elizabeth II Great Zimbabwe ruins
5 pounds Queen Elizabeth II Victoria Falls
10 pounds Queen Elizabeth II

References

  • Krause, Chester L., and Clifford Mishler (1991).  
  • Pick, Albert (1994).  
  • Pick, Albert (1990).  

External links

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
Circulates in Nyasaland
1940 – 1953
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