Cowries shells. A cow ended up being comparable to 2,500 cowrie shells. Photo/LABAN WALLOGA Bank of Uganda, Daniel arap Moi, Mwai Kibaki, yoweri museveni, East African Currency Board, jomo kenyatta, idi amin, milton obote, central coins, cowrie shells, blue beads, nsinda, ivory discs, sanga
In a paper entitled, The development of Currency in Uganda, Charles Enyondo, Bank of Uganda senior archivist, records that, “From previous date, before getting into experience of the exterior globe, a money (sanga and nsinda) existed in Uganda as well as the barter trade.
The typical regarding the money ended up being set by the value of the cow.
Ivory and slaves had been certainly of more worthiness than cows, however they had been reckoned because worth a number that is certain of each.”
The Baganda, first published in 1911, John Roscoe wrote: “Before the introduction of cowrie shells, a blue bead, nsinda, was used; this was very rough and badly made, but it was considered to be of great value; one bead was equal in value to one hundred cowrie shells in his book. (more…)