If a country's currency drops dramatically and it is unable to import the goods it needs, then an exporter who trades with that country may turn to countertrading.

Question

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Sometimes other countries may wish to import American goods but lack the currency to pay for them.In that case, the exporting U.S.company may resort to countertrading, which is bartering goods for goods.When the Russian ruble plunged in value in 1998, some goods became a better medium of exchange than currency.

If a Country's Currency Drops Dramatically and It Is Unable