Cowries shells. A cow ended up being equal 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 aside from the barter trade.
The conventional associated with the value set the currency of a cow.
Ivory and slaves had been certainly of more value than cows, however they were reckoned because well 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.
“Still early in the day, before the development of the bead, a little ivory disk ended up being utilized, called singa; one of these simple discs had been respected at a hundred cowrie shells.”