Cuba offers rum to pay off $276m Czech debt

 

Cuba has come up with an unusual way to repay its multi-million dollar debt to the Czech Republic – 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. Courtesy:BBC News

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Author: Promod Puri

Retired after 40 years of career in journalism. Former publisher and editor of The Link, a South Asian Canadian weekly newspaper from Vancouver, BC. Now a freelance writer. Published my first book titled "Hinduism:beyond rituals,customs and traditions". The book is educational dealing with all the facets of Hinduism. Websites: promodpuri.com progressivehindudialogue.com promodpuri.blogspot.com

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