Barter deals to overcome cash crunch
@allknowing (130067)
India
January 13, 2017 7:52am CST
Due to demonetization here in India, there is a limit set on how much cash one can draw in a week or daily basis. This has crippled life somewhat. Some have come up with an idea of barter deals where cash is not involved but things and services are exchanged.
Reports have it this is quite successful. Here is a link that talks of such deals in Mumbai
Do you have anything to barter? I have great posts here (lol)
Commuter charges phone of driver, another offers bag of rice for auto ride.
6 people like this
5 responses
@AliCanary (3041)
•
13 Jan 17
That's a good idea, you can barter services as well as goods. To be honest, maybe that gives people with less money more of an opportunity!
3 people like this
@allknowing (130067)
• India
13 Jan 17
I may have things that I have no use for which I could barter for something others may have that I need.
It is already working here in India.
1 person likes this
@allknowing (130067)
• India
13 Jan 17
I have loads of stuff that I have no need for but the question is to organises these barters. Someone has to take the lead.
1 person likes this
@JudyEv (325345)
• Rockingham, Australia
14 Jan 17
@allknowing That's true. We had an organisation here where people could buy, sell or offer services and get points then use those points to buy, sell, etc. It worked quite well but as you say, someone has to take the lead.
1 person likes this
@lovinangelsinstead21 (36850)
• Pamplona, Spain
13 Jan 17
Where there is a will there is a way. Great idea until they solution all the problem.
I don´t know if they would do that over here.
But come to think of it if they were pushed enough they might too as they did it before years ago.
2 people like this
@allknowing (130067)
• India
13 Jan 17
A bit of planning could perhaps create a situation where all could place their items at one place and someone could monitor the barter deals.
@allknowing (130067)
• India
13 Jan 17
Someone should take this up as a business.
1 person likes this
@allknowing (130067)
• India
14 Jan 17
@Beatburn May be there is one here too. I must search. thanks.
1 person likes this
@Beatburn (4287)
• Philippines
14 Jan 17
@allknowing We do that here. There's a website where people can swap stuff.
1 person likes this
@allknowing (130067)
• India
13 Jan 17
Here in India due to monetization there is a cash crunch.
1 person likes this
@allknowing (130067)
• India
14 Jan 17
@DianneN This situation is temporary. You can always use your credit card though
1 person likes this
@DianneN (246334)
• United States
13 Jan 17
@allknowing I've heard that. So if we visit India, should we get currency exchanged in the US?
1 person likes this
