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Chickens are not a global currency.

Not that there’s anything wrong with a lot of frozen chickens — even 80,000 tons of chicken. It’s just that Lockheed Martin wanted a more transferable currency for its F-16 fighter jets:

For the embassy in Bangkok, winning achieved two goals: helping Lockheed and keeping the Russians from selling planes. There was, however, a small complication with the terms — the Thai government didn’t want to pay cash. Instead, it proposed trading 80,000 stockpiled tons of frozen chicken…

“Embassy contacts said that until Lockheed Martin offered a proposal to sell F-16s that included countertrade, the (Thai government) could not seriously consider its offer. Contacts also suggested that an offer that included an agreement to buy Thai chicken would be especially welcome,” the embassy said in a March 2005 cable setting the scene for the competition.

Link

via Geekosystem

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