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
Politics of Rhodesia Politics of Rhodesia Rhodesia had limited democracy in the sense that it had the Westminster parliamentary system with multiple political parties contesting the seats in parliament, but as the voting was dominated by the White settler minority, and Black Africans only had a minority level of representation at that time, it was regarded internationally as a racist country. The political party that held sway in the years after the unilateral declaration of independence was the Rhodesian Front, later known as the Republican Front. Ian Smith remained as Prime Minister until the country became Zimbabwe Rhodesia in 1979. From 1899 to