Become acquainted with a different perception of monetary systems…
For more than 1000 years the Balinese people have been organizing their public life in a particular way – namely through a network of social, economic, and cultural organizations encompassing the entire social life of the community. The Balinese call the most important of these institutions the banjar. In the banjar, two entirely different currencies play a central role: the national currency, the rupiah, and a local “time currency.” This presentation gives us an insight into bali’s dual monetary system where two types of currencies complement each other.
