Rhodesian pound

Rhodesian pound
1968-issue £1 note
Denominations
Subunit
1/20	shilling
1/240	penny
Plural
penny	pence
Symbol	£
shilling	s
penny	d
Banknotes	10s, £1, £5
Coins	3d, 6d, 1s, 2s, 2½s
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	British pound at par, then R£ 1 = US$ 2.8
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 the British pound. When the British pound was devalued from US$2.8 to US$2.4 in 1967, Rhodesia switched its peg to 1 pound = US$2.8. In 1970, the pound was replaced by the dollar, at a rate of 1 pound = 2 dollars, so R$1 was US$1.40.

Coins

Main article: Coins of the Rhodesian pound

In 1964, coins were introduced for 6 pence, 1, 2 and 2½ shillings, marked as 6^D, 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 decimalize until 1970. In 1968, 3 pence 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 shillings, 1 and 5 pounds. All notes featured Queen Elizabeth II on the obverse. The reverse designs were reused on the new dollar notes introduced on 17 February 1970. These dollar notes are like the pound issues, but with 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 pound 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.

Denomination	Obverse design	Reverse design
10 shillings	Queen Elizabeth II	Cultivation of tobacco
1 pound	Queen Elizabeth II	Victoria Falls
5 pounds	Queen Elizabeth II	Great Zimbabwe ruins

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: decimalization Ratio: 2 dollars = 1 pound

Currencies named pound or similar

Current	Pound sterling: (Alderney pound • Falkland Islands pound • Gibraltar pound • Guernsey pound • Jersey pound • Manx pound • Saint Helena pound) Egyptian pound Lebanese pound South Sudanese pound Sudanese pound Syrian pound Turkish lira

Local alternative currency	Bristol Pound Brixton Pound Lewes Pound Stroud Pound Totnes Pound

Defunct	Anglo-Saxon pound Australian pound Bahamian pound Bermudian pound Biafran pound British West African pound Canadian pound Connecticut pound Cypriot pound Delaware pound Fijian pound French livre:(Livre parisis • Livre tournois) French colonial livre: (Guadeloupe livre • Haitian livre • New France livre • Saint Lucia livre) Gambian pound Georgia pound Ghanaian pound Irish pound Israeli pound Italian lira Jamaican pound Japanese government-issued Oceanian Pound Libyan pound Lombardo-Venetian pound Luccan pound Luxembourgish livre Malawian pound Maltese pound Maltese lira Maryland pound Massachusetts pound New Brunswick pound New Guinean pound New Hampshire pound New Jersey pound New York pound New Zealand pound Newfoundland pound Nigerian pound North Carolina pound Nova Scotian pound Oceanian pound Ottoman lira Palestine pound Papal lira Parman lira Pennsylvania pound Pound Scots Prince Edward Island pound Rhode Island pound Rhodesian pound Rhodesia and Nyasaland pound Sammarinese lira Sardinian lira Solomon Islands pound South Carolina pound Southern Rhodesian pound South African pound South African Republic pound South West African pound Tongan pound Tuscan pound Vatican lira Virginia pound West Indian pound Western Samoan pound Zambian pound

See also	Dinar Pound sign Troy pound

Southern Rhodesia / Rhodesia articles

1890–1923: Company rule; 1923–80: Southern Rhodesia; 1953–63: Federation; 1965–79: Rhodesia under UDI; 1979: Zimbabwe Rhodesia under UDI; 1980–present: Zimbabwe

History

Geography

Politics

Economy

Society

Demographics

Ethnic groups
(diaspora)

Black	Hungwe Kunda Lemba Manyika Ndebele Rusape Jews Shona Tokaleya Tonga

White	Afrikaners British Greeks Jews "Rhodies"

Others	Coloureds (Goffals) Indians

Languages

Symbols

Category
Portal

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