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
Southern Rhodesia an Interpretation Bill to declare that the colony could be referred to as Rhodesia. The Bill received its third reading on 9 December 1964, and passed to the Governor for assent. However, no assent was granted to the Bill. Section 3 of the Southern Rhodesia (Annexation) Order 1923 provided that Southern Rhodesia "shall be known as the Colony of Southern Rhodesia" and the Southern Rhodesia (Constitution) Act 1961 and the Order-in-Council which followed it both referred to it as such. These were United Kingdom measures and it was outside the powers of Southern Rhodesian institutions to amend them. The Rhodesian