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1 Pound

Issuer Central Africa Currency Board
Year 1955
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Value 1 Pound
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Reverse lettering SOUTHERN RHODESIA ONE POUND S1
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Protection type Watermark
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Comments

The Central Africa Currency Board served Southern Rhodesia, Northern Rhodesia, and Nyasaland — a colonial monetary arrangement that was already living on borrowed time by 1955. The Federation of Rhodesia and Nyasaland had been constituted in 1953, and the Board's days were numbered; the Bank of Rhodesia and Nyasaland would absorb its functions in 1956, making this among the final issues under CACB authority.

Laurence Grafftey-Smith, whose signature appears here, was a career diplomat and former British Minister to Jeddah — an unusual background for a currency board chairman, but colonial monetary administration rarely drew from orthodox banking circles.

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