Cuba Seeks to Pay International Debt with Rum

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By Wendy Anders

Last week, AOL.com reported that the Cuban government wants to settle a debt with The Czech Republic in a rather alternative, but perhaps attractive way: with liquor.

Apparently a bit short on cash as the country emerges out of decades of communist rule, Cuba hopes to pay off this Cold War debt with none other than their famous rum.

According to Bloomberg News, the debt is estimated at $270 million.

Cuba has already sent about $2 million worth of last year’s rum production to the Czechs, but there is no official “yes” response to Havana officials on the proposed deal.

With over $268 million remaining to be settled, Cuba better hope the Czechs start guzzling those Cuba Libres, or it could take more than a century to settle the debt, said AOL.

“This is not the first unusual way a country tries to settle a debt. Russia offered a nuclear submarine and two MiG fighter jets to New Zealand to pay $100 million debt,” concluded AOL.

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