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Michael Kimani @pesa_africa
, 9 tweets, 2 min read Read on Twitter
Currency is not as sacred as we've led to believe

The currency of Kenya is less than 70 years old

On a historical timeline, present form of currency is a bleep 1/
In just 100 years, Kenya has had

An east african currency, indian rupee and currency of Kenya as legal tender

Today we're using airtime currency, private money in the form of mpesa electronic money 2/
So think about this before rushing to dismiss any possibility of cryptocurrency like bitcoin/bitcoin cash taking off in any meaningful form in mainstream value exchange 3/

Ignore any critics above 55 y.o

They probably wont be alive to witness this

They have an inherent bias /4

David ndii
CBK governor Njoroge
"The coins often had a hole in the centre so that they could be strung together for ease of carrying in the days before wallets and purses. Today these vintage goings are now collectors’ items." /5
"In 1919, the colonial administration combined the Uganda and Mombasa currency boards to form the East African Currency Board (EACB)." /6
A History of Currency in East Africa from 1895 /7…
Also relevant

Excellent paper by Wambui Mwangi /8

Of Coins and Conquest: The East African Currency Board, the Rupee Crisis, and the Problem of Colonialism in the East African Protectorate…
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