Rhodesia (region) was first used to refer to the region by white settlers in the 1890s who informally named their new home after Cecil Rhodes, the Company's founder and managing director. It was used in newspapers from 1891 and was made official by the Company in 1895. To confuse matters, Southern Rhodesia, which became a self-governing colony of the United Kingdom in 1923, referred to itself simply as "Rhodesia" from 1964 to 1979, and in 1965 unilaterally declared independence under that name. It thereafter briefly renamed itself "Zimbabwe Rhodesia" in 1979. The usage of the term Rhodesia to refer to the historical
Rhodesia and Nyasaland pound British colonies. In the second half of 1964, Nyasaland became independent as Malawi, Northern Rhodesia became independent as Zambia, and Southern Rhodesia declared a name change to Rhodesia. Each issued their own pounds, at par with the Rhodesia and Nyasaland pound. See Malawian pound, Zambian pound and Rhodesian pound. The Federation also issued its own coinage. In 1955 a full new set of coins were issued with the Mary Gillick obverse of the Queen and various African animals on the reverse. The denominations followed those of sterling, namely halfpennies and pennies, which had a hole in them, threepences (known as