Zambian pound

Zambian pound

1 pound
1/20 shilling
1/240 penny
Symbol £
Banknotes 10 shillings, £1, £5
Rarely used 1, 6 pence, 1, 2 shillings
User(s) Zambia
Central bank Bank of Zambia

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.


The Zambian pound replaced the Rhodesia and Nyasaland pound at par. It was pegged to the British pound at par and was replaced by the kwacha at a rate of 2 kwacha = 1 pound or 1 kwacha = 10 shillings.


In 1964, cupro-nickel 6 pence, 1 and 2 shilling coins were introduced, followed by holed, bronze 1 penny coins in 1966.


In 1964, the Bank of Zambia introduced notes in denominations of 10 shillings, 1 and 5 pounds.

Image Denomination Obverse Reverse
10 shillingsChaplin's barbetFarmers plowing with tractor and oxen
1 pound Black-cheeked lovebird Mining tower and conveyors
5 pounds Wildebeest Victoria Falls


Preceded by:
Rhodesia and Nyasaland pound
Reason: independence
Ratio: at par
Currency of Zambia
1964 1968
Succeeded by:
Zambian kwacha
Ratio: 2 kwacha = 1 pound
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