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 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 dollarat 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
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]
On 17 February 1970 the Rhodesian dollar was introduced and was par to the Pound; the currency was manufactured as follows - bronze 1⁄2 and 1 cent and cupro-nickel 2+1⁄2 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 Mint in Pretoria.
Rhodesia had both 1⁄2 Cent and 2+1⁄2 Cents coins, just like in South Africa.
The 1⁄2 Cent coin was struck between 1970 and 1977 - with the 1977 1⁄2 Cent being extremely rare, with 10 coins known.
The 2+1⁄2 Cents (Tickey) was struck in 1970 only.
The 5 Cents was struck in 1973 and between 1975 and 1977.
The 10 and 25 Cents was struck in 1975 only.
The 20 Cents was struck in 1975 and 1977.
Tommy Sasseen was the designer of all Rhodesian coins from 1964 to 1968 (reverse only) and 1970 to 1977 (both obverse and reverse).
Banknotes
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.
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.
Succeeded by: Zimbabwean dollar Reason: independence recognized Ratio: at par
August 24, 2023
rhodesian, dollar, currency, rhodesia, between, 1970, 1980, subdivided, into, cents, dollar, noteiso, 4217coderhdunitsymbol, denominationssubunit, 100centbanknotes1, dollarscoins1, centsdemographicsuser, rhodesiaissuancecentral, bankreserve, bank, rhodesiathis. The Rhodesian dollar R or Rh RHD was the currency of Rhodesia between 1970 and 1980 It was subdivided into 100 cents Rhodesian dollar1 dollar noteISO 4217CodeRHDUnitSymbol DenominationsSubunit 1 100centBanknotes1 2 5 10 dollarsCoins1 2 1 2 1 2 5 10 20 25 centsDemographicsUser s RhodesiaIssuanceCentral bankReserve Bank of RhodesiaThis infobox shows the latest status before this currency was rendered obsolete Contents 1 History 2 Half pound 3 Coins 4 Banknotes 5 Exchange rate history 6 References 7 External linksHistory EditThe dollar was introduced on 17 February 1970 less than a month 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 EditIn 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 EditMain article Coins of the Rhodesian dollar On 17 February 1970 the Rhodesian dollar was introduced and was par to the Pound the currency was manufactured as follows bronze 1 2 and 1 cent and cupro nickel 2 1 2 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 Mint in Pretoria Rhodesia had both 1 2 Cent and 2 1 2 Cents coins just like in South Africa The 1 2 Cent coin was struck between 1970 and 1977 with the 1977 1 2 Cent being extremely rare with 10 coins known The 2 1 2 Cents Tickey was struck in 1970 only The 5 Cents was struck in 1973 and between 1975 and 1977 The 10 and 25 Cents was struck in 1975 only The 20 Cents was struck in 1975 and 1977 Tommy Sasseen was the designer of all Rhodesian coins from 1964 to 1968 reverse only and 1970 to 1977 both obverse and reverse Banknotes EditOn 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 PickNo of example image Image Value Dimensions Main colour Description Date ofObverse Reverse Obverse Reverse Watermark printing issue withdrawal34c 1 134 75 mm Blue Zimbabwe Bird Tobacco field Cecil John Rhodes 1970 1978 17 February 197031d 2 149 83 mm Red Flame lily Victoria Falls Cecil John Rhodes 1970 1978 17 February 197036b 5 152 86 mm Brown Giraffe Lions Cecil John Rhodes 1972 1978 16 October 197237a 10 158 88 mm Grey Sable antelope Great Zimbabwe Cecil John Rhodes 1970 1978 17 February 1970On 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 PickNo Image Value Dimensions Main colour Description Date ofObverse Reverse Obverse Reverse Watermark printing issue withdrawal38 1 134 75 mm Blue Zimbabwe Bird Tobacco field Zimbabwe Bird 1979 1980 2 August 197939 2 149 83 mm Red Flame lily Victoria Falls Zimbabwe Bird 1979 1980 24 May 197940 5 152 86 mm Brown Giraffe Lions Zimbabwe Bird 1979 1980 15 May 197941 10 158 88 mm Grey Sable antelope Great Zimbabwe Zimbabwe Bird 1979 1980 2 January 1979Exchange rate history EditThis table shows the historical value of one Rhodesian dollar Date Official Rate Free Parallel Rate notes1970 Feb US 1 40 Parallel market starts 1970 July 1971 Aug R 1 00 30 R 0 769 Pegged to the ZA Rand1971 Dec US 1 52 30 to 40 US 1 09 to US 1 17 US dollar devalued1972 July floated 20 to 30 Floated at same time GBP was floated1972 Oct US 1 52 R 1 19 1973 Feb US 1 69 USD devalued1973 Jun US 1 773 R 1 19 ZA Rand and R revalued against USD1975 Sep US 1 60 R 1 34 R devalued against USD and ZAR1977 Oct US 1 50 R 1 30 69 US 0 46 R 0 40 R devalued against USD and ZAR1980 Mar Pegged to flexible basket FRF DEM ZAR CHF GBP USD 1980 Apr Replacement by the Zimbabwean dollar Z 1 R 11981 Rhodesian dollar demonetised under Statutory Instrument 378 of the Government of ZimbabweReferences Edit 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 Krause Chester L Clifford Mishler 1991 Standard Catalog of World Coins 1801 1991 18th ed Krause Publications ISBN 0873411501 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 Money portal Numismatics portalExternal links EditRhodesian Currency Page with a short description of each note Preceded by Rhodesian poundReason decimalizationRatio 2 dollars 1 pound Currency of Rhodesia Zimbabwe since 1980 1970 1980 Succeeded by Zimbabwean dollarReason independence recognizedRatio at par Retrieved from https en wikipedia org w index php title Rhodesian dollar amp oldid 1165681231, wikipedia, wiki, book, books, library,
