Rhodesian pound: Difference between revisions
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[[Category:Historical currencies]] |
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[[Category:Rhodesia]] |
[[Category:Rhodesia]] |
Revision as of 03:03, 27 January 2006
The pound was the currency of Rhodesia from independence in 1964 until 1970. It was divided into 20 shillings, each of 12 pence.
When the Federation of Rhodesia and Nyasaland broke up in 1964, Rhodesia (formerly Southern Rhodesia) issued its own pound.
Prior to the Unilateral Declaration of Independence (UDI) of 11 November 1965, Rhodesia was a member of the sterling zone. The notes, specially designed for Rhodesia, were printed and supplied from the UK by the banknote printers Bradbury Wilkinson.
After UDI, the British government expelled Rhodesia from the sterling zone and the supply of banknotes dried up. This very soon had an adverse effect in Rhodesia, and the shortage of new notes and the condition of those in circulation began to become a pressing concern.
In early 1966, the Rhodesian Central Bank ordered a completely new series of Rhodesian pound banknotes from the German printers Giesecke & Devrient in Munich. A court injunction prevented the banknotes from being despatched to Rhodesia, and the entire order was destroyed by the printers. Substitute consignments were printed in Rhodesia between 1966 and October 1968.
In 1970, the pound was replaced by the dollar, at a rate of 1 pound = 2 dollars.
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Preceded by: Rhodesia and Nyasaland pound Reason: independence Ratio: at par |
Currency of Rhodesia 1964 – 1970 |
Succeeded by: Rhodesian dollar Reason: decimalization Ratio: 2 dollars = 1 pound |