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 Northern Rhodesia Northern Rhodesia was a protectorate in south central Africa, formed in 1911 by amalgamating the two earlier protectorates of Barotziland-North-Western Rhodesia and North-Eastern Rhodesia. It was initially administered, as were the two earlier protectorates, by the British South Africa Company (BSAC), a chartered company on behalf of the British Government. From 1924 it was administered by the British Government as a protectorate under similar conditions to other British-administered protectorates, and the special provisions required when it was administered by BSAC were terminated. Although under the BSAC charter it had features of a charter colony, the BSAC's treaties with