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Contents

   



(Top)
 


1 History  





2 Half pound  





3 Coins  





4 Banknotes  





5 Exchange rate history  





6 References  





7 External links  














Rhodesian dollar






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From Wikipedia, the free encyclopedia
 


Rhodesian dollar
1 dollar note
ISO 4217
CodeRHD
Unit
Symbol$
Denominations
Subunit
1100cent
Banknotes1, 2, 5, 10 dollars
Coins12, 1, 2+12, 5, 10, 20, 25 cents
Demographics
User(s) Rhodesia
Issuance
Central bankReserve Bank of Rhodesia
This infobox shows the latest status before this currency was rendered obsolete.

The Rhodesian dollar (R$ or Rh$, RHD) was the currencyofRhodesia between 1970 and 1980. It was subdivided into 100 cents.

History[edit]

The dollar was introduced on 17 February 1970, roughly two weeks before the declaration of a republic on 2 March 1970. It replaced the Rhodesian pound at a rate of 2 dollars to 1 pound. The dollar proved to be a strong currency, at parity with the pound sterling right up to the very end of Rhodesia in 1980, when it was replaced by the Zimbabwean dollar at par. However, the Rhodesian dollar was never a fully convertible currency and its exchange rate was therefore not an indication of the underlying economics.

Half pound[edit]

In adopting the Rhodesian dollar, Rhodesia followed the pattern of South Africa, Australia, and New Zealand in that when it adopted the decimal system, it decided to use the half pound unit as opposed to the pound unit of account. The choice of the name dollar was favoured by the then Minister of Finance, John Wrathall, who regarded it as having international substance.[1]

Coins[edit]

On 17 February 1970 the Rhodesian dollar was introduced and was par to the Pound; the currency was manufactured as follows - bronze 12 and 1 cent and cupro-nickel 2+12 cent coins were introduced, which circulated alongside the earlier coins of the Rhodesian pound for 5, 10, 20 and 25 cents, which were also denominated in shillings and pence. New 5-cent coins were introduced in 1973, followed by 10, 20 and 25 cents in 1975. Coins were struck until 1977 at the South African MintinPretoria.

Rhodesia had both 12 Cent and 2+12 Cents coins, just like in South Africa.

Tommy Sasseen was the designer of all Rhodesian coins from 1964 to 1968 (reverse only) and 1970 to 1977 (both obverse and reverse).

Banknotes[edit]

On 17 February 1970, the Reserve Bank of Rhodesia introduced notes in denominations of 1, 2 and 10 dollars.[2] 5-dollar notes were added in 1972.

Banknotes of the Rhodesian Dollar 1970 - 1978
Pick
No. (of example image)
Image Value Dimensions Main colour Description Date of
Obverse Reverse Obverse Reverse Watermark printing issue withdrawal
34c $1 134 × 75 mm Blue Zimbabwe Bird Tobacco field Cecil John Rhodes 1970 - 1978 17 February 1970
31d $2 149 × 83 mm Red Flame lily Victoria Falls Cecil John Rhodes 1970 - 1978 17 February 1970
36b $5 152 × 86 mm Brown Giraffe Lions Cecil John Rhodes 1972 - 1978 16 October 1972
37a $10 158 × 88 mm Grey Sable antelope Great Zimbabwe Cecil John Rhodes 1970 - 1978 17 February 1970


On 2 January 1979, the Reserve Bank of Rhodesia replaced the watermark of Cecil Rhodes with that of the Zimbabwe Bird, following the Internal Settlement, which saw the country renamed Zimbabwe Rhodesia.

Banknotes of the Rhodesian Dollar 1979 - 1980
Pick
No.
Image Value Dimensions Main colour Description Date of
Obverse Reverse Obverse Reverse Watermark printing issue withdrawal
38 $1 134 × 75 mm Blue Zimbabwe Bird Tobacco field Zimbabwe Bird 1979 - 1980 2 August 1979
39 $2 149 × 83 mm Red Flame lily Victoria Falls Zimbabwe Bird 1979 - 1980 24 May 1979
40 $5 152 × 86 mm Brown Giraffe Lions Zimbabwe Bird 1979 - 1980 15 May 1979
41 $10 158 × 88 mm Grey Sable antelope Great Zimbabwe Zimbabwe Bird 1979 - 1980 2 January 1979

Exchange rate history[edit]

This table shows the historical value of one Rhodesian dollar.

Date Official Rate Free / Parallel Rate notes
1970 (Feb) US$1.40 Parallel market starts 1970 (July)
1971 (Aug) R 1.00 (−30%) R 0.769 Pegged to the ZA Rand
1971 (Dec) US$1.52 (−30% to 40%) US$1.09toUS$1.17 US dollar devalued
1972 (July) floated (−20% to 30%) Floated at same time GBP was floated
1972 (Oct) US$1.52; R 1.19
1973 (Feb) US$1.69 USD devalued
1973 (Jun) US$1.773; R 1.19 ZA Rand and R$ revalued against USD
1975 (Sep) US$1.60; R 1.34 R$ devalued against USD and ZAR
1977 (Oct) US$1.50; R 1.30 (−69%) US$0.46; R 0.40 R$ devalued against USD and ZAR
1980 (Mar) Pegged to flexible basket (FRF, DEM, ZAR, CHF, GBP, USD)
1980 (Apr) Replacement by the Zimbabwean dollar Z$1 = R$1
1981 Rhodesian dollar demonetised under Statutory Instrument 378 of the Government of Zimbabwe

References[edit]

  1. ^ Unpopular Sovereignty: Rhodesian Independence and African Decolonization, Luise White, University of Chicago Press, 2015, page 124
  • ^ Linzmayer, Owen (2012). "Rhodesia". The Banknote Book. San Francisco, CA: BanknoteNews.com.
  • Pick, Albert (1994). Standard Catalog of World Paper Money: General Issues. Colin R. Bruce II and Neil Shafer (editors) (7th ed.). Krause Publications. ISBN 0-87341-207-9.
  • External links[edit]

    Preceded by:
    Rhodesian pound
    Reason: decimalization
    Ratio: 2 dollars = 1 pound
    Currency of Rhodesia
    (Zimbabwe since 1980)

    1970 – 1980
    Succeeded by:
    Zimbabwean dollar
    Reason: independence recognized
    Ratio: at par
  • icon Money
  • Numismatics

  • Retrieved from "https://en.wikipedia.org/w/index.php?title=Rhodesian_dollar&oldid=1221846950"

    Categories: 
    Currencies with ISO 4217 code
    Dollar
    Modern obsolete currencies
    Currencies of Africa
    Currencies introduced in 1970
    Currencies of Rhodesia
    Currencies of the Commonwealth of Nations
    1970 establishments in Rhodesia
    1980 disestablishments in Zimbabwe
    Hidden categories: 
    Articles with short description
    Short description is different from Wikidata
    Use dmy dates from February 2021
     



    This page was last edited on 2 May 2024, at 10:02 (UTC).

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