Information about currency: Rhodesian Dollar
|Currency name||Rhodesian Dollar|
|Dates||1970 - 1980|
1 Dollar = 100 Cents
The Rhodesian Dollar (R$) was the currency of Rhodesia between 1970 and 1980. It was subdivided into 100 cents.
The dollar was introduced on 17 February 1970, less than a month before the declaration of a republic on 2 March 1970. It replaced the 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.
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 motivated by the fact that the reduced value of the new unit corresponded more closely to the value of the US dollar than it did to the pound sterling.
On 17 February 1970 the Rhodesian dollar was introduced and was par to the Pound; the currency was factured as follows - bronze ½ and 1 cent and cupro-nickel 2½ 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 issued until 1977.