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Last post 7 years ago by jjanecka. 4 replies replies.
This is what I call Debt Forgiveness
jjanecka Offline
#1 Posted:
Joined: 12-08-2015
Posts: 4,334
There’s an outstanding debt on the books between Cuba and the Czech Republic that dates back to the Soviet socialist era, with the island nation on a 7 billion crown tab, reports iDnes.cz.

One problem: Cuba doesn’t have the cash to repay what it owes.

Instead, an interesting agreement has been reached with the Ministry of Finance: the country will pay back the Czech Republic with goods in lieu of money, which include sweet Cuban rum and (possibly) prescription drugs.

Details of what rum might make it to the Czech Republic were not revealed, but it was referred to as “a relatively unknown brand that might be good” by Deputy Finance Minister Lenka Dupáková.

The prescription medication is another interesting offer, though it doesn’t have EU certification; their transfer would need to be approved by the Czech State Office for Drug Control, and certified for use within the Czech Republic.

According to the Deputy Finance Minister, marketing the rum on the Czech market would be an easier feat.

Currently, Cuban rum doesn’t have an especially large presence in the Czech Republic; last year, a total amount of rum valued at 53 million crowns was imported, according to the Czech statistical office.


http://www.expats.cz/prague/article/weekly-czech-news/cuba-to-repay-debt-to-czech-republic-in-rum/
dstieger Offline
#2 Posted:
Joined: 06-22-2007
Posts: 10,889
jjanecka wrote:


Details of what rum might make it to the Czech Republic were not revealed, but it was referred to as “a relatively unknown brand that might be good” by Deputy Finance Minister Lenka Dupáková.



Everyone has to try a blind trade....once.
opelmanta1900 Offline
#3 Posted:
Joined: 01-10-2012
Posts: 13,954
cuba's probably gonna post a dummy tracking number then disappear...
jjanecka Offline
#4 Posted:
Joined: 12-08-2015
Posts: 4,334
Wouldn't be the first time.
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