The old Barter system is still prevalent in India.

For hundreds of years people have been using money as a medium to trade things. Essential commodities as well as precious gems and metals. The whole world depends upon on this system but in the State Assam which lies on the northeastern part of India people still barter for essential commodities. This happens only in a fair known as Joonbeel Mela, a community fair in Assam. It is a three-day community fair celebrated during Bhogali Bihu or Magh Bihu which falls somewhere is mid January, and is usually the end of the harvesting season.