Decimal Day Board. Consideration was given to introducing a new major unit of currency worth ten shillings in the old currency: suggested names included the "new pound", the "royal" and the "noble". This would have resulted in the "decimal penny" being worth only slightly more than the old penny (this approach was adopted, for example, when South Africa, Australia and New Zealand decimalised in the 1960s, adopting respectively the South African rand, Australian dollar and New Zealand dollar equal in value to 10 shillings). But Halsbury decided, in view of the pound sterling's importance as a reserve currency, that the pound should
Coins of the Rhodesian pound Coins of the Rhodesian pound The coins of the Rhodesian pound were part of the currency of Southern Rhodesia, which changed its name to Rhodesia, following the break-up of the Federation of Rhodesia and Nyasaland, when the Rhodesian pound replaced the Rhodesia and Nyasaland pound. In 1964, a series of coins was struck for the Reserve Bank of Rhodesia at the South African Mint in Pretoria. They consisted of These coins are interesting in two respects. First, Rhodesia was the first of two countries to utilise Arnold Machin's portrait of Queen Elizabeth II on pre-decimal coinage (the other country was