The pound was the currency of Zambia from independence in 1964 until decimalization on January 16, 1968. It was subdivided into 20 shillings, each of 12 pence. History The Zambian pound replaced the Rhodesia and Nyasaland pound at par. It was pegged 1:1 to sterling and was replaced by the kwacha at a rate of £1 = ZK2 or ZK1 = 10/–. Coins In 1964, cupro-nickel 6d, 1/– and 2/– coins were introduced, followed by a 5/– coin in 1965, and holed, bronze 1d coins in 1966. Banknotes In 1964, the Bank of Zambia introduced notes in denominations of 10/–, £1 and £5. References External links Currencies of Africa Currencies of the Commonwealth of Nations History of Zambia Modern obsolete currencies 1964 establishments in Zambia 1968 disestablishments in Zambia Currencies of Zambia 1960s economic history