Claim: In 1896, the Salisbury branch of the Standard Bank of South Africa, a British overseas bank, which operated mainly in Africa from 1863 to 1969, introduced the first Southern Rhodesian banknotes, in denominations of one and five pounds, and later issued ten shilling notes.
Evidence: The Standard Bank was a British overseas bank, which operated mainly in Africa from 1863 to 1969. The bank was incorporated in London on 15 October 1862 as Standard Bank of British South Africa. In 1896, the Salisbury branch of the Standard Bank of South Africa introduced the first Southern Rhodesian banknotes, in denominations of 1 and 5 pounds. This bank later issued 10 shilling notes.