Cowries shells. A cow had been 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
A currency (sanga and nsinda) existed in Uganda in addition to the barter trade in a paper titled, The Evolution of Currency in Uganda, Charles Enyondo, Bank of Uganda senior archivist, notes that, “From earlier date, before coming into contact with the outside world.
Ivory and slaves had been certainly of more worthiness than cows, however they had been reckoned because well worth a particular range cows 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.
“Still earlier in the day, before the introduction of the bead, an ivory that is small ended up being utilized, called singa; one of these brilliant discs ended up being respected at a hundred cowrie shells.”
The main coins, cowrie shells, blue beads (nsinda), additionally the little ivory discs (sanga) used as money in Uganda, had holes at the heart.
It absolutely was during the early nineteenth century, throughout the reign of Semakokiro (1797-1814), Kabaka of Buganda, that trade goods like dark blue cotton fabric, copper cable and cowrie shells reached the hinterland of Buganda through the east coast that is african. Continue reading “The typical regarding the value set the currency of the cow”