According to Simmel, the presence of a strong, government-backed monetary system increases overall trust. This is due to both the fact that it inspires trust in a nebulous entity, and the fact that individuals with money receive the benefit of the trust that money inspires.
The recent collapse of the financial system in the United States has caused people to lose faith in those institutions, though trust in the almighty dollar still remains. However, many countries have monetary systems that do not inspire trust, as a result of enormous amounts of inflation, disinflation, deflation, or outright defaults on debt. This lack of trust in money results in less trust in business, which then serves to greatly hinder the economic development of that country.
Is it possible for a country or an economic system to develop a high level of trust, without a trustworthy monetary system?