Welcome to RECIPRO!






The Ubuntu Collaborative Commons

Extreme currency volatilities have been the state of the foreign exchange market since its meteoric rise in 1973. It has failed to fulfill its primary objective of providing equitable exchange rates for international trade. To fulfill the need, the Ubuntu Collaborative Commons has been initiated by RECIPRO for all importers and exporters to come together to co-create efficient trade strategies specifically targeted for the avoidance or reduction of the currency risk curse.

Reciprocity advantage – a constructive synergy of two elements-the reciprocity doctrine of humanity and business objective of trade partners - could be forged together to develop exceptional business strategies in foreign trade designed for the long term. Traders’ shared desire for stability in trade, revenues, procurement costs, besides the reduction or removal of foreign currency risk, could all be achieved through the Ubuntu Collaborative Commons.

Traders can protect themselves from the currency risk as follows:

Barter Trade and Use of Local Currencies

Bilateral or trilateral barter trade transactions can be conducted for the reduction or removal of currency risk through negotiated or fixed exchange rates.

Negotiated Exchange Rates

As the name suggests, foreign exchange rates are negotiated separately for every transaction by trade partners, as it is the fundamental element in the cost structure of any transaction. Market rates may gyrate unpredictably and disrupt ongoing transactions but under the negotiated exchange rates system, the traders need to focus only on the domestic prices of the transacted goods which would generally remain unchanged.

Fixed Exchange Rates System

The fixed exchange rates system is a nominal fix of all currencies against the US dollar, similar to the Bretton Woods System or trajectory adopted during the introduction of the Euro. For the fixed exchange rates, RECIPRO has adopted the market rates as of the 1st January 2021. More details on it is available under the title “ The Econophysics of Currencies” in this website.

Prices in Local Currencies

Prices in local currencies reflect the true purchasing power of currencies and sets itself as the natural pathway to evaluate currencies. More details on it is available under the title “The Econophysics of Currencies” in this website.

Trade Payment Settlements in Local Currencies

RECIPRO also facilitates trade payment settlements in local currencies for both cash and partial barter trade transactions payment settlements.

Approval from Relevant Authorities

The exchange rates adopted for all the above transactions shall be subject to the approval of the relevant authorities.

The Ubuntu Scrip – a Secured Barter Medium of Exchange

For greater efficiency and liquidity in barter trade transactions, we provide a secured medium of exchange known as the Ubuntu Scrip. RECIPRO does not sell it outright but is made available to suppliers of goods who may use it to acquire compensatory goods from their counterparties or others as approved by the parties. It can be sold once within a holder’s nation who could use it to acquire the compensatory goods. It would expire upon its usage.

Authentic Paybacks of Barter Trade and Use of Local Currencies

Barter trade and use of local currencies in international trade provide other critical benefits including conservation of foreign exchange, avoidance of unnecessary buildup of foreign exchange reserves and the ease of maintenance of trade balances between nations.




We are represented by verification agents, freight forwarders and logistics providers in 150 countries.