Cuba has offered to pay its €265 million debt to the Czech Republic - in rum

That would give the Czechs enough rum for 100 years.

By Associated Press Thursday 15 Dec 2016, 10:38 PM

Dec 15th 2016, 10:38 PM 24,402 Views 59 Comments

http://jrnl.ie/3143185

Image: Desmond Boylan/PA

Image: Desmond Boylan/PA

THE CZECH FINANCE Ministry says Cuba has offered an unusual way of repaying its Cold War-era debt — its trademark rum.

Finance Ministry spokesman Michal Zurovec said that Cuban authorities have proposed to pay back $276 million (€265 million) to the Czech Republic from the time both countries were part of the communist bloc.

If that proposal becomes reality, the Czechs would have enough Cuban rum for well over a century. According to the Czech Statistics Office, the Czechs imported rum from Cuba worth over $2 million (€1.8 million) last year.

Zurovec says that the Czechs would still prefer the debt was at least partly paid in cash.

In the past, North Korea wanted to repay its $10 million (€9 million) debt with products made with ginseng.

Read: Rupert Murdoch’s Fox agrees €14bn Sky takeover deal

Short URL

About the author:

About the author

Associated Press

See more articles by Associated Press

Contribute to this story:

Send a Correction

COMMENTS (59)

Most Popular Today

1	Body found in search for missing mother-of-three in Louth 206,881 90

2	'Every parent's worst nightmare': Three teenagers die after reports of crush at Tyrone hotel disco 150,669 36

3	Suspect arrested after three people killed in shooting in Dutch city of Utrecht 96,272 67

1	Offbeat Donut has secretly franchised in Prague - and is plotting more Irish stores 446 0

2	Poll: Do you think rebranding is worth millions of euro? 128 0

3	Amid many rivals, co-working space Huckletree is taking a 'curated' approach to startups 87 0

1	Paddy Barnes will 'probably retire' after suffering shock defeat in US debut war 69,537 16

2	Rory McIlroy wins The Players Championship after brilliant performance in Florida 46,013 81

3	'He's always been a fighter' - Clubmates in awe of Cork All-Ireland winner battling cancer for a third time 38,102 3

1	ITV have responded to backlash following the death of Love Island's Mike Thalassitis 6,552 0

2	'I’m scared that I’m going to get found out': Derry Girls' Erin is all too familiar with Imposter Syndrome 6,498 0

3	Is it just me that agonises over the 'outside' mirror in fitting rooms? 4,030 1

Trending Tags

BLANCHARDSTOWN

'Not now and not ever': 1,000 new homes planned for west Dublin, which locals say brings a 'high risk' of flooding

Gardaí hail 'significant progress' after guns, a crossbow and drugs seized in Blanchardstown

West Dublin gang using hailing apps to target older taxi drivers

BREATH TESTS

Santa gets the all clear to enter Irish airspace

Senior traffic garda singles out gardaí he believes aren't issuing enough fines

'Significant concern' over lack of breath testing at scenes of fatal crashes

GAA

The Big Fat Christmas Chocolate Quiz

5 things you didn’t know about Kim Jong Il

The Sunday Papers: the best of the week’s sportswriting

GARDAí

€2.5 million contract out for the manufacture and supply of shoes for An Garda Síochána

Motorcyclist killed in road crash in south Dublin

Motorist (60s) killed in five-vehicle collision on M6 in Westmeath

DUBLIN

'A generation locked out': The families spending more than two years in emergency accommodation

'He worked in the International Bar for 40 years. He'd seen it all': Tributes to one of Dublin's longest-serving barmen

Pictured: Hundreds of thousands take to streets of Ireland for St Patrick's Day parades

CHICAGO

New intelligence unit to assess threats to State security will be set up by the end of the year

An unexpected guest and a luminous river: Leo ends St Patrick's trip not being centre of attention

Taoiseach says he wasn't nervous ahead of Pence speech: 'I wanted to express Ireland's values'

∞

About Us

Corrections

Report Content

Policies

TheJournal.ie is a full participating member of the Press Council of Ireland and supports the Office of the Press Ombudsman. This scheme in addition to defending the freedom of the press, offers readers a quick, fair and free method of dealing with complaints that they may have in relation to articles that appear on our pages. To contact the Office of the Press Ombudsman Lo-Call 1890 208 080 or go to www.pressombudsman.ie or www.presscouncil.ie

Please note that TheJournal.ie uses cookies to improve your experience and to provide services and advertising. For more information on cookies please refer to our cookies policy.

News images provided by Press Association and Photocall Ireland unless otherwise stated. Irish sport images provided by Inpho Photography unless otherwise stated. Wire service provided by Associated Press.

Journal Media does not control and is not responsible for user created content, posts, comments, submissions or preferences. Users are reminded that they are fully responsible for their own created content and their own posts, comments and submissions and fully and effectively warrant and indemnify Journal Media in relation to such content and their ability to make such content, posts, comments and submissions available. Journal Media does not control and is not responsible for the content of external websites.

Cuba has offered to pay its €265 million debt to the Czech Republic - in rum

That would give the Czechs enough rum for 100 years.