Even better, payment could be made in manufactured goods, with a barter system replacing payments in numerous instances.

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That, and counterfeiting, meant that the barter system has suffered hyperinflation.

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With the U.S.-dollar financing system out of bounds for Iranian companies, India and Iran have begun a barter system in which Tehran accepts Indian rupees in payment for crude oil.

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It must be a highly sought after, and therefore highly liquid commodity which thereby has the intrinsic capacity to eliminate the simultaneous co-incidents of needs that characterizes a barter system.

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Why did I moan about the barter system?

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So they harvest what they need for their own consumption and operate a system of barter with what is left over.

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Sometimes the sellers fall back on the old fashioned system of barter.

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Over half the Russian people today subsist outside of a money-economy system, surviving by barter and by getting whatever food they can from relatives, friends and neighbors or from what they grow on patches of land in the countryside.

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Because of the payments crisis in the banking system, paying suppliers is now difficult, and barter looks more attractive.

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Barter is useful, even inevitable, when money that might appear in the system has already been stolen or is likely to be stolen which has been the common condition in Russian business for the past decade and more.

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