Southern Rhodesia, a British Crown colony in southern Africa, was established in 1923. It was formed from territories owned by the British South Africa Company south of the Zambezi River. Initially called south Zambesia, it was later annexed by Britain at the request of Cecil Rhodes's company. The region was rich in gold reserves and was purchased by the BSAC's Pioneer Column in 1890.
After the colony's dissolution in 1970, it was re-established in 1979 as the precursor to the Republic of Zimbabwe Rhodesia, which ultimately led to the formation of the Republic of Zimbabwe in 1980 after gaining international recognition.
Rhodesia's economy thrived with a heavy reliance on agriculture, manufacturing, and mining. The country's key exports encompassed steel, chrome, and tobacco. The pound was the currency of Southern Rhodesia from 1964 to 1965 and Rhodesia from 1965 to 1970.
The Rhodesian pound replaced the Rhodesia and Nyasaland pound after the federation dissolved. Initially pegged to the British pound, it later changed its peg to the US dollar. In 1970, the pound was replaced by the dollar at a rate of 1 pound to 2 dollars. Coins were introduced with various denominations, and Queen Elizabeth II's title was in English, unlike the previous currency.