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
Company rule in Rhodesia Whites in Northern Rhodesia were primarily concentrated in the far west, along the railway line between Bulawayo and Élisabethville in the Belgian Congo. A community of about 250 lived in the vicinity of Fort Jameson near the eastern border. In between were vast swathes of largely uninhabited bush, which lacked roads, railways and telegraph lines, making communication between the two White communities very difficult. The amalgamation of North-Western and North-Eastern Rhodesia in 1911 did little to improve the situation. Northern Rhodesia suffered as the result of its artificial nature—the country was not homogeneous in terms of population, history or geography—and