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 who took their seats together with nine nominated official members. An elector in Northern Rhodesia had to be a United Kingdom citizen, a requirement which practically ruled out Africans who were British Protected Persons. In addition, would-be electors were required to fill in an application form in English, and to have an annual income of at least £200 or occupy immovable property worth £250 (tribal or community occupation of such property was specifically excluded). In 1929, the number of unofficial members was increased to seven. This failed to meet settler aspirations and in 1937 their members demanded parity if numbers