vanuatu has a traditional, alternative economy that still works
Officially Vanuatu is one of the world’s ‘least developed countries’, but this is misleading. 80% of the population have almost no need for cash at all – they live on their own land and grow, fish and hunt for their food.
When they do need money, they simply make their own – traditional currencies like woven mats and pigs with tusks can be used to pay school fees and medical bills.
On the island of Pentecost there’s even a traditional bank that accepts deposits of pig tusks and claims to have reserves of $1.4 billion.
WATCH – See Amos’s insight into life on Vanuatu.
from sbs dateline – vanuatu’s piggy bank