With the world rocked by economic turmoil, Dateline explores an alternative financial system that’s secure, stable and has stood the test of time.
Officially Vanuatu is one of the world’s ‘least developed countries’, but this is misleading. 80% of the population have almost no need for cash at all - they live on their own land and grow, fish and hunt for their food.
When they do need money, they simply make their own - traditional currencies like woven mats and pigs with tusks can be used to pay school fees and medical bills.
On the island of Pentecost there’s even a traditional bank that accepts deposits of pig tusks and claims to have reserves of $1.4 billion.