North Korea offers to settle debts with ginseng

August 13, 2010

It looks like barter and alternative currencies are beginning to catch on everywhere, even in the Axis of Evil. North Korea has just made an unusual offer to the Czech Republic to settle an old debt: ginseng. However, as the Financial Times reports, the root, which purportedly improves energy, sex drive, and memory, is not consumed in sufficient quantities by Czechs to warrant the receipt of 20 tons of it, which is what $10 million dollars worth of ginseng amounts to. However, they area willing to accept a commodity of some sort, such as zinc, which has already been suggested.

The debt between the two countries dates back to the time of communist Czechoslovakia, which used to keep North Korea supplied with armaments. With the latest wave of economic sanctions against North Korea, following their alleged attack on a South Korean warship in March, they have found it extremely difficult to make their payments to their creditors, which is why they are getting so creative these days.

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