Bartering is one of the oldest ways of doing business in the world.
The exchange of goods and services, it predates the use of money and is believed to have developed in the first human societies. Today, bartering is usually associated with countries in turmoil.
Take fisherman in Venezuela who now swap their catch for other food stuffs or medicines, because after years of hyperinflation the country’s currency is now nearly worthless.
Or the bartering networks that emerged in Greece at the height of its financial crisis eight or so years ago.
However, it is not just individuals who continue to engage in bartering, it is also used by governments. And again, this is often the case when a country is facing financial woes and isolation on the world