Stella Dimoko Korkus.com: Cuba Offers Czech Rum To Pay Off $276m Debt

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Saturday, 17 December 2016

Cuba Offers Czech Rum To Pay Off $276m Debt

Cuba has come up with an unusual way to repay its multimillion dollar debt to the Czech Republic by offerring bottles of its famous rum, officials in Prague say.


The Czech finance ministry said Havana had raised this possibility during recent negotiations on the issue.

Cuba owes the Czech authorities $276m (£222m), and if the offer is accepted the Czechs would have enough Cuban rum for more than a century.

However, Prague said it preferred to get at least some of the money in cash.

Havana's debt dates back from the Cold War era - when Cuba and what was at the time Czechoslovakia were part of the communist bloc.

Cuba now does not have much money but it does have lots of rum - hence this unusual proposal, says the BBC's Rob Cameron in Prague.

The Czech finance ministry said repayment was possible either with rum or pharmaceutical drugs.



But Cuban drugs lack EU certification, so repayment with a more traditional medicine - popular in the Czech Republic - may be easier to arrange, our correspondent adds.

10 comments:

Anonymous said...

Genius..

Lizzy Berry Weds Atheist 2017 said...

Stella good morning

missylynn said...

OK seen

Stella maris Baby said...

Lovely Morning blogfam..
Good morning @ Stella sweetheart, Nneora..

Shyla said...

They should offer their famous cuban cigars. Those are fantastic too.

peace maker said...

Castro really impoverished d country and he refused to step down until ill health

DonMayor said...

What a way to pay debt.

Mrs.R SDK blog Official BFF said...

That is a good way to pay off debt. Cuba has the best rum and big cigar in the world.

Lora said...

End time payment
*side eyes@one billion abi na trillion

Bukipreety said...

A way of encouraging more drunkards

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