Barter: The 'New/Old' Currency For Business

Barter: The 'New/Old' Currency For Business
By Lynnea M. Bylund
Special Business Correspondent

(Editor's note: This is the first of a two-part article designed to acquaint Las Vegas Tribune readers and small business owners with the growing advantage of utilizing business barter)

Many developing countries with little or no access to money and banking that have commonly traded raw materials, such as iron for chickens, or grain for coffee, may soon have the opportunity to participate in a global economy that uses a common platform and unit of exchange. The result could lead to a more equitable "universal currency" that is trade-based and backed by commodities such as real goods and services.

So what is this latest development in global commerce called?

Something very old and familiar to humankind - Barter.

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