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
1964 Southern Rhodesian independence referendum made a Unilateral Declaration of Independence, making the country a de facto independent state until returning to British colonial rule in 1979 following the Lancaster House Agreement.The British Government did not accept Southern Rhodesian independence as the referendum was not representative of all of Southern Rhodesia. Voter turnout was 61.9%. 1964 Southern Rhodesian independence referendum A referendum on independence was held in Southern Rhodesia on 5 November 1964. The question put to voters was "Are you in favour of or against Southern Rhodesia obtaining independence on the basis of the 1961 Constitution of Southern Rhodesia. Ian Smith called a meeting