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Michael Kimani @pesa_africa
, 4 tweets, 1 min read Read on Twitter
Money is a relationship between people masquerading as a relationship between things -Marx
"On the 30th of December 1919, Colonel Amery, the British Acting Secretary of State for the Colonies, approved the establishment of the East African Currency Board (EACB)"
"Yet the EACB, attempting to replace the Indian rupee as the currency in use in the colonial East African territories, originated in crisis and went on to preside over considerable
chaos in markedly inauspicious circumstances."
"Between 1919 and 1921, the East African Protectorate (soon to become Kenya Colony5) went through three changes of currency: from the Indian rupee to the East African rupee, then to the East African florin, and finally to the East African shilling"
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