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, main 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 of this value set the currency of a cow.
Ivory and slaves had been certainly of more value than cows, nevertheless they had been reckoned since well worth a certain wide range of cows each.”
Inside the guide, The Baganda, first published in 1911, John Roscoe published: “Before the development of cowrie shells, a blue bead, nsinda, had been utilized; this is really rough and poorly made, nonetheless it had been regarded as being of good value; one bead ended up being equal in value to at least one hundred cowrie shells. Read more