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
In a paper entitled, The development of Currency in Uganda, Charles Enyondo, Bank of Uganda senior archivist, notes that, “From earlier in the day date, before getting into connection with the surface globe, a money (sanga and nsinda) existed in Uganda besides the barter trade.
Ivory and slaves had been certainly of more value than cows, however they had been reckoned since well well 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.