Southern Rhodesian pound
| Unit | |
|---|---|
| Plural | |
| Symbol | £ |
| Denominations | |
| Subunit | |
| 1⁄20 | shilling |
| 1⁄240 | penny |
| Plural | |
| penny | pence |
| Symbol | |
| shilling | s or /- |
| penny | d |
| Banknotes | 10/-, £1, £5, £10 |
| Coins | ½d, 1d, 3d, 6d, 1/-, 2/-, 2/6 |
| Demographics | |
| User(s) | Southern Rhodesia |
| Valuation | |
| Pegged with | sterling at par |
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.
History
From 1896, private banks issued notes denominated in £sd equal to sterling. 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 3d, 6d, 1/-, 2/-, and 2/6. These were followed in 1934 by holed, cupro-nickel ½d and 1d 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 5/- 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. This bank later issued 10/- 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/-, £1 and £5 notes, followed by 5/- notes between 1943 and 1948 and £10 in 1953. In 1955, the Central Africa Currency Board issued notes in denominations of 10/-, £1, £5 and £10.
| 1939-1952 George VI Issue | |||
|---|---|---|---|
| Image | Denomination | Obverse | Reverse |
| [1] | 5/- | King George VI | 5 Shillings |
| [2] | 10/- | King George VI | Victoria Falls |
| [3] | £1 | King George VI | Great Zimbabwe ruins |
| [4] | £5 | King George VI | Victoria Falls |
| 1952-1954 Elizabeth II Issue | |||
|---|---|---|---|
| Image | Denomination | Obverse | Reverse |
| 10/- | Queen Elizabeth II | Victoria Falls | |
| £1 | Queen Elizabeth II | Great Zimbabwe ruins | |
| £5 | Queen Elizabeth II | Victoria Falls | |
| £10 | Queen Elizabeth II | ||
References
- 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.
- 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.
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 |
