‘Moo-ney’ transfer: Chad paying $100m Angola debt with cattle

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Hard hit by the drastic fall in oil prices, Chad and Angola have found an unusual way to honour their financial commitments. Chad has committed to deliver 75,000 cattle to Angola over six years to repay a debt of $100 million contracted in 2017. This is equivalent to about $1,300 per cow. ALSO READ: Coronavirus: 4
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