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 Treaty, which was signed by King Lobengula of the Ndebele people. "Southern" was first used in 1898 and dropped from normal usage in 1964, on the break-up of the Federation of Rhodesia and Nyasaland. "Rhodesia" then remained the name of the country until the creation of Zimbabwe Rhodesia in 1979. Legally, from the British perspective, the name Southern Rhodesia continued to be used until 18 April 1980, when the Republic of Zimbabwe was promulgated. The British government agreed that Rhodes' company, the British South Africa Company (BSAC), would administer the territory stretching from the Limpopo to Lake Tanganyika under charter