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1 Pound

Issuer Bank of Zambia
Year 1964
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Size 158 x 84 mm
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Obverse description A vignette of a Black-cheeked Lovebird perched on a branch occupies the right side, with the national arms at upper centre flanked by guilloche underprint in pastel tones of green and pink. The promise-to-pay clause and denomination "ONE POUND" appear in intaglio lettering at centre, with the Governor's signature below and serial number printed twice at lower left and upper right.
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Signature(s) R.C. Hallet (Sig.1)
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Comments

Zambia's independence on 24 October 1964 created an immediate practical problem: the country needed its own currency before the Rhodesia and Nyasaland pound — still the circulating medium — could be phased out. This note was part of the first Bank of Zambia issue, printed by De La Rue and released within weeks of independence, making it one of the earliest physical expressions of the new state's separate monetary identity.

The series was short-lived. Zambia decimalized in January 1968, replacing the pound with the kwacha at a rate of two kwacha to the pound, and these notes were withdrawn promptly. Four years of potential circulation is the absolute maximum for any surviving example.

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