Barter system still alive in India’s Assam state

Locals trade by Barter during the Joon Beel festival, which is about 60 km away from Guwahati city, in Morigaon district of Assam state, India. On the occasion of the festival a big market is held here where the hill Tiwas exchange their products with the plain people in a barter system. The world's oldest system of trade has been kept alive by the Tiwas, a tribe of Central Assam and neighbouring Meghalaya, who hold the three-day annual fair on the occasion of Magh Bihu. EPA

Tuesday, January 21, 2014