The Finance Ministry of Czech Republic has revealed that Cuba has offered an unusual way of repaying its Cold War-era debt — its trademark rum.
Finance Ministry spokesman Michal Zurovec said on Thursday that Cuban authorities have proposed to pay back US$276 million to the Czech Republic from the time both countries were part of the communist bloc.
If that proposal becomes a reality, the Czech would have enough Cuban rum for well over a century.
According to the Czech Statistics Office, the Czechs imported rum from Cuba worth over US$2 million last year.
Zurovec says that the Czechs would still prefer the debt was at least partly paid in cash.
This isn’t the first time countries have offered to pay their debt in absurd ways. In the past, North Korea wanted to repay its US$10-million debt with products made with ginseng.