Kuwait Barter Community Stories

KBC MEMORABILIA

This page is connected to our official #KuwaitBarterCommunity group that only aims to help the community without the involvement of money especially today that we are all facing lots of problems, in money, in our work and in our daily lives and barter in times of monetary crisis or collapse, like today, it is established as a means to continue the trading of goods and services and to keep the community and our life functioning.

LET ME FIRST TELL YOU WHAT IS BARTER?

Bartering is the act of trading one good or service for another person without using a medium of exchange such as money. It is a simple system free from the complex problems of the modern monetary system. Bartering allows individuals to get what they need with what they already own. If, for example, an individual needs rice to put an addition to their basic needs but lacks funds to buy it, then they may be able to use the barter system to supply their needs – for example, exchanging oven toaster they don’t need for the needed rice.

Such a deal, of course, needs to be negotiated by both parties. It is a reciprocal, mutually-beneficial arrangement that doesn’t involve the exchange of cash or another monetary medium (such as a credit card).

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