REFERENCE: Rhodesia was an unrecognized state that existed from 1965 to 1979 and was located in South Africa on the territory of the colony of Southern Rhodesia and the modern state of Zimbabwe.
In 1979, Rhodesia was transformed into Zimbabwe Rhodesia (English Zimbabwe Rhodesia), power was temporarily transferred to the British Governor Lord Arthur Christopher John Soames. In 1980, the country was renamed Zimbabwe.
The Rhodesian pound was introduced on November 16, 1964 instead of the pound of Rhodesia and Nyasaland - the common currency of Northern Rhodesia, Southern Rhodesia and Nyasaland. The exchange was made 1:1. Bank of Rhodesia and Nyasaland banknotes lost their legal tender on July 1, 1965. The issue of new coins began on January 25, 1966. In 1965, after Ian Smith's government declared independence, Rhodesia was excluded from the sterling zone. On February 17, 1970, the Rhodesian dollar was introduced instead of the Rhodesian pound. The exchange was made in the ratio: 1 pound = 2 dollars. Since August 1971, the dollar has been in a firm ratio with the rand of South Africa and the US dollar. In connection with the devaluation of the US dollar in December 1971, the parity rate of the Rhodesian dollar was changed from 1.40 to 1.52 US dollars per 1 Rhodesian dollar and from February 5, 1973 to 1.69 US dollars per Rhodesian dollar. From June 5, 1973, the gold content of the Rhodesian dollar was increased and the rate was set: 1.773 US dollars per Rhodesian dollar, from September 22, 1975 - 1.6 US dollars and 1.34 rand per 1 Rhodesian dollar. On April 15, 1981, the Zimbabwe dollar was issued instead of the Rhodesian dollar, the exchange was 1:1. Wiki
