1/20 shilling Symbol £ User(s) Zambia | 1/240 penny Banknotes 10 shillings, £1, £5 | |
Rarely used 1, 6 pence, 1, 2 shillings | ||
The pound was the currency in Zambia from independence in 1964 until decimalization on January 16, 1968. It was subdivided into 20 shillings, each of 12 pence.
Contents
History
The Zambian pound replaced the Rhodesia and Nyasaland pound at par. It was pegged to the pound sterling at par and was replaced by the kwacha at a rate of 2 kwacha = 1 pound or 1 kwacha = 10 shillings.
Coins
In 1964, cupro-nickel 6 pence, 1 and 2 shilling coins were introduced, followed by a 5 Shillings in 1965, and holed, bronze 1 penny coins in 1966.
References
Zambian pound Wikipedia(Text) CC BY-SA