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Vanuatu

Year: 2008

Authorship: Kitra Cahana, featured in Colors 73/Money

For centuries, pacific islanders have used shells and others items as currency for trading. But on the remote Pentecost island in Vanuatu, fourteen branches of the Tari Bunia bank accept an unusual deposit: pigs’ tusks. The “piggy bank” is a normal bank: cashiers weigh the tusks and credit customers’ accounts. The deposits are kept in reserve like any conventional money, and the bank offers checkbooks, interest bearing accounts and credit and mortgage services.

 

 

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