PARALLEL BANKING BEATS BARTER
When money runs out in Mexico, there’s barter. A tyre company paid its insurance premium in tyres. Advertising time on TV can be paid for in the goods advertised. A company which had been paid in bicycles gave them to its employees as a Christmas bonus. “We are going back to primitive transactions,” said Jonathan Davis, director of the brokerage firm Inversora Bursatil.
Most companies would rather have money, even if they have to pay 130% for it.
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