Kenya: No Coins Please, My Pockets Are More Precious
Although this means that Kenyans take care of the coins so that books can take care of themselves, the Central Bank of Kenya (CBK) is not amused. According to the CBK, this scenario has led to a shortage of coins, forcing the cashier in a supermarket near you to deliver candy, gumdrops, and boxes of matches instead of coins as change.
The Central Bank of Kenya in April this year distributed 1.2 billion coins worth Sh4.8 billion. It's pretty penny.
"Of these coins" said James Teko Lokoyetum, the bank's Director of Currency Operations, "more than half the pieces are being withheld or hoarded by the public while others are carried away by tourists as souvenirs." He lamented that "the CBK releases the coins but these never flow back to it."
Money, some wiseacre said, is like manure: It is not worth anything unless you spread it. The Central Bank knows that Sh2.5 billion irritating circular pieces of metal make a difference when injected back into the economy. It is the kind of money that can build a fully-fledged hospital for, instance, just why the bank wants you to change the coins into paper money.
But have you ever wondered where local currency got its name?
Ours is called pesa, from Peso the Spanish currency. Our lowest denomination is five cents, also called Ndururu. Or Oruro in street slang. Ndururu is Swahili for "light, small, thin, undersize or weak." The 10-cent coin, or peni, had a Sheng name, Ng'och, which gradually diminished in use as the value of the shilling nosed south over the years.
The earliest currency in Kenya, according to the CBK was the Maria Theresa Thalers which were silver coins used in world trade since they were first minted in 1751. They were named after Empress Maria Theresa of the Austro-Hungarian Empire between 1740 and 1780.
The Maria Theresa Thalers found their way to shores of eastern Africa in the 1800s and were similar to the Spanish Peso hence the word pesa.
The coins hardly reached the interior despite their popularity at the coast. The Indian Rupees, however, managed to do so since it was used to pay the Asian labourers during the construction of the Uganda Railway.
The labourers spent their wages buying ghee and produce from communities along the railroad effectively introducing a cash economy in the interior which would later be boosted by forced taxation that forced adults to seek employment with the colonial government and settler farms. This way, the Rupee became the acceptable legal tender besides earning different names in mother tongue.
Roman Equivalents Of Greek Gods - News
Presidents Kenyatta, Moi and Kibaki were treading a well minted path began by Julius Caesar who wanted citizens of the vast Roman Empire to know who was calling the shots and had his image on them. Greek coins too had portraits of gods and goddesses.
And I have a deep passion to learn Ancient Greek. I'm fascinated by the Greek and Roman cultures and the effect they've had on us." "He can do all the crosswords. It irritates me beyond measure," says Peter Carroll, who will co-star with Gaden in
Ten Facts About Cyprus | Blue door Cyprus
Cyprus send a team to the Commonwealth Games every four years.
2 This is the third island largestMediterranean.
The three countries joined the EU on 1 May 2004. Nine other countries joined the EU on the same day - were the Czech Republic, Estonia, Latvia, Lithuania, Hungary, Malta, Poland, Slovenia and Slovakia.
4 After the 2007 census, Cyprus 8 was also the mythical birthplace of one of the best knownGreek Gods - Aphrodite. Aphrodite was the Greek god of love and beauty. They should not be confused with Venus, the Roman equivalent was it.
9 It is believed that humans have lived on the island over 12,000 years.
10 The United King Dom still control more than 3 percent of the island territories and sea zones.
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