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Tuesday, October 13, 2015
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IRTA Cabo Convention a Huge Success!

IRTA Signs Consulting Agreement with the International Islamic Trade Finance Corporation (ITFC) For the Development of a Multi-Tiered Barter System for OIC Countries

October 8, 2015

IRTA's Cabo San Lucas Convention was a big success!Industry veterans, new exchange owners, complementary currency experts and banking officials gathered from across the globe to learn, network and collaborate for the betterment of the industry.

The convention provided two days of educational seminars on the most relevant topics of importance to the industry. "It really was a wonderful convention with lots of positive energy and goodwill at an amazing venue," said IRTA's President Annette Riggs.

Major award recipients included Bob Bagga, (BizX), the Hall of Fame Award, Sirri Simsek, (Turk Barter), the Paul St. Martin Award, Carl Steinbrenner, Esq. the David Wallach Outstanding Achievement Award, Fred Detwiler, (TradeFirst) and Jeff Burkhardt, (Corporate Barter Network), the Legends of Barter Award, Patty Weston, (IRTA & UC) and Maree St. Clair,(BPS Technology), the Outstanding Achievement Award),Kerri Khalasawi, (TradeFirst) and Bruce Kamm, (Virtual Barter), the IRTA Executive Director Appreciation Award.

IRTA also signed an important consulting agreement with the International Islamic Trade Finance Corporation (ITFC) to provide an
action plan for the creation and implementation of a multi-tiered barter system that will include retail, corporate barter and counter-trade components.

The CEO of the ITFC, Dr. Waleed Al-Wohaib attended the IRTA Cabo Convention and signed the IRTA/ITFC consulting agreement with IRTA's President, Annette Riggs on September 17th, 2015.

The ITFC is the trade finance arm of the Islamic Development Bank, (IDB). The ITFC's mission is to increase trade and economic activity for its member countries and develop new partnerships.

The completion of the IRTA/ITFC consulting agreement is representative of IRTA's determination to help facilitate meaningful barter related programs internationally to improve regional economies and reduce unemployment.



The International Reciprocal Trade Association, IRTA, is a non-profit organization committed to promoting just and equitable standards of practice and operation within the Modern Trade and Barter and other Alternative Capital Systems Industry, by raising the awareness and value of these processes to the entire Global Community.


The mission of IRTA is, to provide all Industry Members with an ethically based global organization, dedicated to the advancement of Modern Trade and Barter and other Alternative Capital Systems, through the use of education, self regulation, high standards and government relations.

The Sardex Factor

September 20, 2015

Carlo Mancosu and a group of childhood friends founded Sardinia’s first local currency: Sardex. Arts and humanities graduates with little financial experience, they built it from scratch in their home town of Serramanna as the island reeled from the financial crisis. Their hope was that the project would give them a job in the place where they had grown up. But six years later it has turned into a symbol of local action, spreading to create a new network of thousands of businesses. 

Read the Complete Article Published in FT Magazine