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 African populations being ascertained. After a change in the British government in 1951, the incoming Conservative Colonial Secretary, Oliver Lyttelton removed the condition of sounding out African opinion in November 1951 and pushed ahead against strong African opposition. After further revisions of the proposals for federation, agreement was reached. Following a positive referendum result in Southern Rhodesia, Northern Rhodesia joined the Federation of Rhodesia and Nyasaland when it was created in 1953. In 1946, the Federation of African Welfare Societies was formed, uniting the Welfare Societies that had been set up by educated Africans in towns in the 1930s to