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India and Pakistan are trading oil for tomatoes

Money & markets

India and Pakistan are trading oil for tomatoes

12 min

Explores the rise of sophisticated modern barter systems where nations bypass the US dollar to settle debts with fruit and tea. This shift reveals how the global financial plumbing is being re-engineered by countries facing chronic currency shortages.

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Show notes

Overview of Pakistan's B2B Barter Trade Mechanism 2023 and 2025 amendments.

Details on the Russia-Pakistan agricultural exchange agreement signed in Moscow.

Case study of the Sri Lanka-Iran tea-for-oil debt settlement.

Analysis of informal trade routes between India and Pakistan via Dubai.

The role of BRICS Pay and blockchain in the future of non-dollar trade.

In this episode

  1. 1Intro1 min
  2. 2The Return of the Great Barter2 min
  3. 3Oil for Chickpeas: The Russia-Pakistan Connection2 min
  4. 4The Tea-for-Oil Precedent: Sri Lanka and Iran2 min
  5. 5The Informal Economy: Dubai, Tomatoes, and Third-Party Trade2 min
  6. 6De-dollarization and the New Financial Plumbing2 min
  7. 7Outro1 min

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India and Pakistan are trading oil for tomatoes — Fylom