EGGS AS MONEY. The Buttonwood column in the Economist (July 21, 2018) reports that not only is the inflation rate in Venezuela “in the tens of thousands” but that an “egg economy” is emerging as one replacement for paper and coin currency. Eggs hold their value a little more than cash (that is, apparently for the moment the price of eggs is rising a little more slowly than prices in general). Further, eggs are more convenient because “it is easier to carry around a half-dozen eggs than a trunkful of banknotes.”
Two functions of money are to serve as a store of value and to facilitate transactions. Eggs are serving as money.