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
Flag of Southern Rhodesia Rhodesia for official use outside the colony and the Union Jack was the official flag internally. In 1956, Southern Rhodesia entered into a federal union with Northern Rhodesia and Nyasaland to form the Federation of Rhodesia and Nyasaland. Upon union, a blue ensign with a unified badge was adopted to replace the respective previous flags. Southern Rhodesia was represented in the federation's flag by a red lion that had previously been on their old flag. Following the collapse of the federation in 1964, Southern Rhodesia then started calling itself Rhodesia and adopted a new flag at the behest of the