The primary difference between barter and currency systems is that a currency system uses an agreed-upon form of paper or coin money as an exchange system rather than directly trading goods and ...

Russia and China are planning to revive the age-old practice of barter trade to get around Western ... banks from the widely used SWIFT messaging system. However, this strategy has been hitting ...

Instead of going back to a barter system, the colonial governments issued IOUs that traded as currency. The first instance was in Canada (then a French colony) in 1685 when soldiers were issued ...

Russia will swap chickpeas for Pakistani mandarin oranges under a new barter system launched in response to payment woes caused by international sanctions in place over Moscow's invasion of Ukraine.

The move dented Moscow’s efforts to sell commodities abroad and import foreign goods, prompting the Russian government to promote the barter system as a way of settling international payments.