Cowries shells. A cow had been 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
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, nevertheless web they had been reckoned since well well worth a particular amount of cows each.
In their guide, The Baganda, first published in 1911, John Roscoe penned: “Before the development of cowrie shells, a blue bead, nsinda, had been utilized; this is extremely rough and defectively made, nonetheless it had been regarded as being of good value; one bead had been equal in value to at least one hundred cowrie shells.
“Still earlier in the day, before the development of the bead, a little ivory disk ended up being used, referred to as singa; one of these simple discs ended up being respected at a hundred cowrie shells.”
The main coins, cowrie shells, blue beads (nsinda), together with tiny ivory discs (sanga) utilized as money in Uganda, had holes in the middle.
It absolutely was during the early nineteenth century, through 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.