Rhodesian pound

Rhodesian pound
	1968-issue £1 note
Unit
Unit	pound
Plural	pounds
Symbol	£‎
Denominations
Subunit
1⁄20	shilling
1⁄240	penny
Plural
penny	pence
Symbol
shilling	s or /–
penny	d
Banknotes	10/–, £1, £5
Coins	3d, 6d, 1/-, 2/–, 2/6
Demographics
User(s)	Southern Rhodesia (1964–1965); Rhodesia (1965–1970)
Issuance
Central bank	Reserve Bank of Rhodesia
Printer	Bradbury Wilkinson (before 1965); in Rhodesia between 1966 and October 1968
Valuation
Pegged with	£1 sterling at par, later £1 Rhodesian = US$2.80
	This infobox shows the latest status before this currency was rendered obsolete.

The pound was the currency of Southern Rhodesia from 1964 to 1965 and Rhodesia from 1965 until 1970. It was subdivided into 20 shillings, each of 12 pence.

History

The Rhodesian pound was introduced following the break-up of the Federation of Rhodesia and Nyasaland, when Southern Rhodesia changed its name to simply Rhodesia. The Rhodesian pound replaced the Rhodesia and Nyasaland pound at par and the coins and banknotes of this earlier currency continued to circulate.

Like its predecessor, the Rhodesian pound was initially pegged to sterling. When sterling was devalued from US$2.8 to US$2.4 in 1967, Rhodesia switched its peg to £1 Rhodesian = US$2.8. In 1970, the pound was replaced by the dollar, at a rate of £1 Rhodesian = $2 Rhodesian, so $1 Rhodesian was US$1.40.

Coins

In 1964, coins were introduced for 6d, 1/–, 2/– and 2/6. These coins also bore a denomination in cents (5^c, 10^c, 20^c and 25^c, respectively), although Rhodesia did not decimalise until 1970. This was possibly for compatibility with the South African rand, which retained a fixed 2:1 parity with the Rhodesian pound until 1967. In 1968, 3d coins were introduced which did not bear a denomination in cents. All coins had the title of Queen Elizabeth II in English, rather than in Latin, as had been the case on the coins of Rhodesia and Nyasaland and Southern Rhodesia.

Banknotes

Beginning in 1964, banknotes were issued in denominations of 10/–, £1 and £5. All notes featured Queen Elizabeth II on the obverse. The reverse designs were reused on the new dollar notes introduced on 17 February 1970. The Rhodesian dollar notes are similar to the earlier Rhodesian pound issues, but marked with the new currency units, the bank logo replaces the coat of arms, and the coat of arms replaces the portrait of Queen Elizabeth II.^[1]

Prior to UDI, Rhodesia was a member of the sterling zone. The banknotes were printed and supplied from the UK by the 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 Reserve Bank of Rhodesia ordered a completely new series of Rhodesian banknotes from the German printers Giesecke & Devrient in Munich.^[2] A court injunction prevented the banknotes from being despatched to Rhodesia, and the entire order was destroyed by the printers.^[3] Substitute consignments were printed in Rhodesia between 1966 and October 1968.

Banknotes of the Rhodesian Pound 1964 - 1965
Pick No.	Image		Value	Dimensions	Main colour		Description			Date of
Pick No.	Obverse	Reverse	Value	Dimensions	Main colour		Obverse	Reverse	Watermark	printing	issue	withdrawal
24			10/–	132 × 75 mm		Blue	Zimbabwe Bird and Queen Elizabeth II	Tobacco field	Cecil John Rhodes	1964 - 1966	14 October 1964
25			£1	148 × 81 mm		Red	Flame lily and Queen Elizabeth II	Victoria Falls	Cecil John Rhodes	1964 - 1966	7 September 1964
26			£5	160 × 88 mm		Grey	Sable antelope and Queen Elizabeth II	Great Zimbabwe	Cecil John Rhodes	1964 - 1966	10 November 1964

Banknotes of the Rhodesian Pound 1966 - 1970
Pick No.	Image		Value	Dimensions	Main colour		Description			Date of
Pick No.	Obverse	Reverse	Value	Dimensions	Main colour		Obverse	Reverse	Watermark	printing	issue	withdrawal
27			10/–	134 × 75 mm		Blue	Zimbabwe Bird and Queen Elizabeth II	Tobacco field	Cecil John Rhodes	1966 - 1970	1 June 1966
28			£1	150 × 82 mm		Red	Flame lily and Queen Elizabeth II	Victoria Falls	Cecil John Rhodes	1966 - 1970	15 June 1966
29			£5	157 × 87 mm		Grey	Sable antelope and Queen Elizabeth II	Great Zimbabwe	Cecil John Rhodes	1966 - 1970	1 July 1966

References

^ Linzmayer, Owen (2012). "Rhodesia". The Banknote Book. San Francisco, CA: www.BanknoteNews.com.
^ Summary of World Broadcasts: Non-Arab Africa, Issues 2356-2417, BBC Monitoring Service, 1967
^ SOUTHERN RHODESIA, Hansard, HC Deb 18 April 1967 vol 745 cc441-90

External links

Rhodesian Currency

Preceded by: Rhodesia and Nyasaland pound Reason: federation break-up Ratio: at par	Currency of Rhodesia 1964 – 1970	Succeeded by: Rhodesian dollar Reason: decimalisation Ratio: $2 = £1

[1] Linzmayer, Owen (2012). "Rhodesia". The Banknote Book. San Francisco, CA: www.BanknoteNews.com.

[2] Summary of World Broadcasts: Non-Arab Africa, Issues 2356-2417, BBC Monitoring Service, 1967

[3] SOUTHERN RHODESIA, Hansard, HC Deb 18 April 1967 vol 745 cc441-90

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[2]

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v t e Currency units named pound, lira, or similar
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Historical antecedents (mass)	Roman pound (libra) Moneyer's pound (England) Grzywna (Grivna)
See also	Pound sign (£) Dinar Pound (mass) (℔) Roman currency Carolingian monetary system £sd