interesting story in today’s FT.27/10/08 Thailand has agree to buy oil from Iran. Nothing unusual there? Not until you read that they are paying the Iranians with RICE. International barter, the way to go. Any country want to swop a tanker ship of oil for a container ship of unsold breakfast rolls?

Edited October 29, 200817 yr by PeaceBlondie
Tyo corrected in title

Sounds smart to me... no one has to face any fx risk and both sides get what they need.