Zambian Shillings: Difference between revisions

[[File:Zambian Shilling.png|thumbnail|350px|right|Zambia five shillings in 1965 "1 st Anniversary of Independence"]]

In 1964 [[Zambia]] received independence from Great Britain to become a Common Wealth Nation. The planned monetary policy was planned to be based on a decimal system but to maintain stability Sterling coinage (pence, shillings, and pounds) was used from 1964 to 1967. During that time period, coins were issued in the denominations of penny, 6 pence, shilling, 2 shillings, and 5 shillings. The 5 shillings coin (along with the penny) was only a one year issue coin and was physically the largest coin ever issued for circulation.  

Zambia celebrated the first anniversary of Independence by issuing a crown or Five Shilling piece. Not only was it the first crown of the new Republic, it was the only Crown or Five Shillings. In 1969 Zambia abandoned the system of Pounds, Shillings and Pence and introduced the [[Zambian Kwacha|Ngwee and Kwacha]] instead.<ref>[http://www.coincraft.com/zambia-1965-only-crown Zambia 1965 only Crown]</ref>