Bank of Zambia in the 1938 formation of the Southern Rhodesia Currency Board, which was based in Harare, in present-day Zimbabwe. The Board's jurisdiction included Northern Rhodesia, now called Zambia and Nyasaland, known as Malawi today. In 1954 the Southern Rhodesia Currency Board was renamed the Currency Board of Rhodesia and Nyasaland, and as the winds of change were strong in Africa at the time, the currency board was transformed into the Bank of Rhodesia and Nyasaland in 1956. In 1964 the Bank of Zambia was created from the Bank of Northern Rhodesia, which itself had only formed a year earlier in 1963
Flag of Rhodesia Flag of Rhodesia The flag of Rhodesia (now Zimbabwe) changed many times as a result of political changes in the country. Before 1953, the then Colony of Southern Rhodesia followed British colonial practice, by using a Blue Ensign with the Union Flag in the canton and the shield from the colony's coat of arms in the fly. In 1953, Southern Rhodesia federated with Northern Rhodesia and Nyasaland to form the Federation of Rhodesia and Nyasaland. The federal flag was used between September 1953 and 31 December 1963 when the federation was dissolved. Less than a year after the break-up of