MarketTangbunia Bank
Company Profile

Tangbunia Bank

The Tangbunia Bank is a bank run by the Turaga indigenous movement on Pentecost Island in Vanuatu. It is notable for dealing in items of customary wealth such as hand-woven mats, shells or pig tusks rather than currency such as the vatu. Accounts at the bank are reckoned in livatu, a unit equivalent to the value of one fully curved boar's tusk.

History
Following the independence of the New Hebrides in July 1980, due to the size of its economy, the newly independent Republic of Vanuatu was still economically dependent on foreign investments. Tangbunia Bank was set up by Chief Viraleo Boborenvanua who advocated for a return to the traditional barter system in contrast with Western capitalism. The Tangbunia Bank has fourteen branches throughout the island, with its headquarters at Lavatmanggemu. Chief Viraleo Boborenvanua remains as the bank's manager. ==References==
tickerdossier.comtickerdossier.substack.com