In this article I was very fascinated by Maria Onysko’s preference of the barter system to obtain funding for her goods. Her system involves exchanging the land that she rents for grain. During the interview, Ms. Onysko said: “I have two cows and four pigs, many chickens”. Therefore, getting grain to feed her cattle is the most inexpensive way for her to run the farm.
The way the system in Ukraine works is the following:
First, if you borrow in euros you have to pay 12%. Second, if you borrow from the bank you will pay 20%.
Therefore the solution to this dilemma for Ms. Onysko is to use the barter system to avoid the need for borrowing money from anyone.
Sincerely,
Sidi Salmi