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
Northern Rhodesia other British territories were fixed by Orders-in Council. The border between the British Central Africa Protectorate and North-Eastern Rhodesia was fixed in 1891 at the drainage divide between Lake Malawi and the Luangwa River, and that between North-Western Rhodesia and Southern Rhodesia became the Zambezi River in 1898. The area of what became Northern Rhodesia, including Barotseland and land as far as Nyasaland to the east and to Katanga and Lake Tanganyika to the north, was placed under BSAC administration by an Order-in-Council of 9 May 1891, but no BSAC Administrator was sent to Barotseland until 1895, and the first