Pay your debt with monkeys!

[Renampun]

...
Of course, there are a few questions about it and darker aspects of this:
- I don't know how a species that numbers over 1 million can be considered endangered, but let's leave it like that
- even if they have 1000 zoos that means 100 monkeys of the same species for each zoo and that is just not real
- what they are going to do for real with them, and most hint at labs testing, which stops being funny  
- how much of the debt will be really erased for this?

But nevertheless, Sri Lanka is in so much debt that it needs either cash or a way to pay out its debts to China so, probably for the first time in human history monkeys will be used en masse to pay for a portion of that debt, giving a whole new meaning to the term "monkey business".
At $4000 per monkey (google sources) that would make about $400 000 000 (in theory, not including costs), around 5% of the 7 billion they have in debt with China.

So, do you feel like you could show up at your bank and hand them two or three monkeys to cover your mortgage?

I am quite surprised by this news, but looking at the economic side, the sale of these monkeys to China can save Sri Lanka's finances a little, but is there a guarantee that the domino effect will not occur if they are considered pests because they destroy plants, then it is not entirely the monkey's fault, they do have an original wild nature.

but with the number reaching 2 million for a group of endemic monkeys, I think it's overpopulated. it is reported that Sri Lanka has quite a lot of monkey guardians, to protect the welfare of their endemic monkeys, even though they are a little suspicious of the dirty activities they might be carrying out behind the scenes, but I agree with this decision it must be reviewed, don't make needing money as an excuse to do it something that can threaten the population of endemic animals.

[southerngentuk]

Sounds completely unrealistic? Yes, it does!
Is it actually real? Yes, it is!
Can even be applied at country level? Definitely!

Sri Lanka planning to send 1,00,000 toque macaque monkeys to China

Cash-strapped Sri Lanka is considering exporting up to 100,000 endangered monkeys to China, the agriculture minister said Wednesday, raising concerns among conservationists.

The toque macaque is endemic to Sri Lanka and common on the island but is classed as endangered on the International Union for Conservation of Nature (IUCN) red list. Sri Lanka bans almost all live animal exports and the proposed sale comes as it faces its worst-ever economic crisis. No financial details were made available.
"They want the monkeys for over 1,000 zoos they have across China," Agriculture Minister Mahinda Amaraweera told AFP.
"I have appointed a committee to study the request and see how we can do this."

Of course, there are a few questions about it and darker aspects of this:
- I don't know how a species that numbers over 1 million can be considered endangered, but let's leave it like that
- even if they have 1000 zoos that means 100 monkeys of the same species for each zoo and that is just not real
- what they are going to do for real with them, and most hint at labs testing, which stops being funny  
- how much of the debt will be really erased for this?

But nevertheless, Sri Lanka is in so much debt that it needs either cash or a way to pay out its debts to China so, probably for the first time in human history monkeys will be used en masse to pay for a portion of that debt, giving a whole new meaning to the term "monkey business".
At $4000 per monkey (google sources) that would make about $400 000 000 (in theory, not including costs), around 5% of the 7 billion they have in debt with China.

So, do you feel like you could show up at your bank and hand them two or three monkeys to cover your mortgage?

No, I don't think using animals to pay off debt is a good idea; it's even a disgusting idea that shows moral degradation. The export of toque macaques from Sri Lanka to China is a matter of concern as the toque macaque is endemic to Sri Lanka and is on the endangered species red list. In addition, using animals as a means of debt repayment is unethical and inhumane. Instead, we need to find ways to tackle debt and grow our economies sustainably without harming animals or the natural environment.

[Cryptomiles1]

100,000 monkeys?
That means there will be a scarcity of Banana in the land of China, Because I believe they already had some existing monkeys in the country so how will those animals manage to feed. Meaning they might start invading in people's homes and bananas plantation across shared area and regions.

At $4000 per monkey (google sources) that would make about $400 000 000 (in theory, not including costs), around 5% of the 7 billion they have in debt with China.

Are monkeys really that expensive for each to be as costly as $4,000? This is very huge amount when converted to our local currency.

[Silberman]

Sri Lanka doesn't have any choice because they're don't have anything left except their monkeys, so China will ask anything they want.

I thought monkey was one of endangered animal, it's ridiculous why this trade is legal considering there's no clear usage what China will do with those monkeys.

China will keep demanding what Sri Lanka have in order to pay their debt, the worst case Sri Lanka will sell their country.

And this is what happens when you owe someone money and you cannot pay, in essence you become their slave and they can dictate whatever terms they want no matter how immoral they could be, and while this is an extreme example, it show us how bad things can get, after all what gives the government of Sri Lanka the right to use those monkeys in this way? The monkeys may be on their territory but they do not really owe them, but I am aware such an argument will never stop a government in a dire need of cash.

[mm2543363580]

Sri Lanka doesn't have any choice because they're don't have anything left except their monkeys, so China will ask anything they want.

I thought monkey was one of endangered animal, it's ridiculous why this trade is legal considering there's no clear usage what China will do with those monkeys.

China will keep demanding what Sri Lanka have in order to pay their debt, the worst case Sri Lanka will sell their country.

And this is what happens when you owe someone money and you cannot pay, in essence you become their slave and they can dictate whatever terms they want no matter how immoral they could be, and while this is an extreme example, it show us how bad things can get, after all what gives the government of Sri Lanka the right to use those monkeys in this way? The monkeys may be on their territory but they do not really owe them, but I am aware such an argument will never stop a government in a dire need of cash.

This is really some unique method of returning debt but for debt ridden sirlanka who already is in tough situation this seems to be like last resort . They are considering to give 100,000 monkeys to China for debt settlement who'll most likely end up in Chinese laboratory or restaurants.

But can they be settled in zoo? That's the question.

[Sarah Azhari]

China is a country where almost all kinds of animals are eaten. So I think the Chinese government will buy monkeys from Sri Lanka and feed everyone .Sri Lanka has more monkeys, so they will give monkeys to China.

China seems never to give up to eat endangered animals where they know it's dangerous. China never give up on where the covid come from, and they still blindly ate unusual animals, while Sri Lanka receive the offers because of the big dept. We can't do anything about this situation. Sri Lanka is tied, and do whatever China request. Maybe is good for the country, but of course, this will affect for forest ecosystem, I am really sure, their habitat will be exhausted and forest food circulation will be unstable in the near future.

[BitDane]

So, do you feel like you could show up at your bank and hand them two or three monkeys to cover your mortgage?

Depends on the negotiation.  Sometimes when a person don't have any amount of money to pay for his debt, banks tend to confiscate any collateral you have given them.  If in case your collateral are monkeys then bank will confiscate your monkey or any valuable asset that can be turn to fiat currency.  In short, it all depends on the agreement.

About Sri Lanka sending thousands or millions of monkeys to China,  I believe China agreed to buy that numbers of monkey because it is beneficial to China, whether for environmental use, medical research or just meat demands.  The process are done because two parties agreed.  So as long as the two party agree, anything can be use as payment method.

[Swordsoffreedom]

Sounds completely unrealistic? Yes, it does!
Is it actually real? Yes, it is!
Can even be applied at country level? Definitely!

Sri Lanka planning to send 1,00,000 toque macaque monkeys to China

Cash-strapped Sri Lanka is considering exporting up to 100,000 endangered monkeys to China, the agriculture minister said Wednesday, raising concerns among conservationists.

The toque macaque is endemic to Sri Lanka and common on the island but is classed as endangered on the International Union for Conservation of Nature (IUCN) red list. Sri Lanka bans almost all live animal exports and the proposed sale comes as it faces its worst-ever economic crisis. No financial details were made available.
"They want the monkeys for over 1,000 zoos they have across China," Agriculture Minister Mahinda Amaraweera told AFP.
"I have appointed a committee to study the request and see how we can do this."

Of course, there are a few questions about it and darker aspects of this:
- I don't know how a species that numbers over 1 million can be considered endangered, but let's leave it like that
- even if they have 1000 zoos that means 100 monkeys of the same species for each zoo and that is just not real
- what they are going to do for real with them, and most hint at labs testing, which stops being funny  
- how much of the debt will be really erased for this?

But nevertheless, Sri Lanka is in so much debt that it needs either cash or a way to pay out its debts to China so, probably for the first time in human history monkeys will be used en masse to pay for a portion of that debt, giving a whole new meaning to the term "monkey business".
At $4000 per monkey (google sources) that would make about $400 000 000 (in theory, not including costs), around 5% of the 7 billion they have in debt with China.

So, do you feel like you could show up at your bank and hand them two or three monkeys to cover your mortgage?

No, I don't think using animals to pay off debt is a good idea; it's even a disgusting idea that shows moral degradation. The export of toque macaques from Sri Lanka to China is a matter of concern as the toque macaque is endemic to Sri Lanka and is on the endangered species red list. In addition, using animals as a means of debt repayment is unethical and inhumane. Instead, we need to find ways to tackle debt and grow our economies sustainably without harming animals or the natural environment.

If you follow the news about the economic situation of Sri Lanka, you will know the difficulties they are facing, and there will be almost no way to solve the debt. I don't know about those monkeys, but it's definitely worth it, that's why China agreed to the deal, and I don't see a problem with the Sri Lankan government doing it. Maybe that monkey is rare and important to Sri Lanka, but it couldn't be more important than the economy and people's lives. The government should do everything in exchange for food and work... for the people, and there's nothing wrong with that.

[Gallar]

What can be done, Sri Lanka will definitely use any means to be able to pay off its country's debt as soon as possible. Because it has unpaid debts to China

In April, Sri Lanka defaulted on its US$51 billion (Rp.760.3 trillion) foreign debt and opened bailout talks with the International Monetary Fund.

Source : www.cnbcindonesia.com/news/20220731182355-4-359962/derita-sri-lanka-utang-luar-negeri-rp760-t-pdb-7-di-2022/amp

Therefore, the new Sri Lankan government will definitely do various ways to make Sri Lanka bounce back from a very bad economic situation. Now Sri Lanka already has a new president, whose name is Ranil Wickremesinghe, who knows what kind of plans he will do, everything is not visible now. But it looks like the current president will be better and more convincing than the previous president, who fled. But the current president, of course, has to work extra hard, considering that the problems that the country has in Sri Lanka are enormous, it will definitely take quite a long time to clean up all the mess.

[Oluwa-btc]

So, do you feel like you could show up at your bank and hand them two or three monkeys to cover your mortgage?

Hahaha!!!!!! I don't have monkeys, maybe they can accept some local birds around my compound.
Sometimes when people celebrate that the Chinese Yuen will replace the dollar as the global exchange currency, I just feel they don't know Beijing. Chinese give loans with very harsh conditions and they are heartless when they want to collect back their loans. Defaulting on Chinese loans can have severe consequences such as loss of the territorial integrity of defaulting nations. China is a higher version of the lender in Williams Shakespeare's play Merchant of Vernice called Shylock.

My country's just denied that they have defaulted on the payment of a loan from China after a local newspaper reported it. I don't think we have any animal that has a population of 10,000. Maybe China might consider accepting humans because we are overpopulated

Ever heard of ways to enslave a country?! One of them way is with debts, China's good at this. Now they'll have to comply or get things the other ways. I laughed when I read about taking humans over china, that's never gonna happen, Large population in china and you expect more humans. I don't even know what plans they've got when they say they'll be in full control of our police stations soon in Nigeria.

I'm more concerned about who's gonna feed those large number of monkeys, lots lots lots of bananas, I could be a God damn supplier!
And for Goodness Sake, Fiats ( Yuen and Dollar ) are completely owned by the government, they keep you out of control.

[YUriy1991]

True, the Situation in Sri Lanka highlights the dangers of taking on too much debt and the need for responsible financial management. as funny as it may sound, I don't think handing over monkeys to pay off our debts is a viable solution. Not only is it unethical to use animals for such purposes, but it also doesn't address the underlying problems of debt and financial mismanagement. Sri Lanka needs to focus on finding sustainable solutions and better managing its finances instead of resorting to such means.

[Alpha Marine]

Hahaha!!!!!! I don't have monkeys, maybe they can accept some local birds around my compound.
Sometimes when people celebrate that the Chinese Yuen will replace the dollar as the global exchange currency, I just feel they don't know Beijing. Chinese give loans with very harsh conditions and they are heartless when they want to collect back their loans. Defaulting on Chinese loans can have severe consequences such as loss of the territorial integrity of defaulting nations. China is a higher version of the lender in Williams Shakespeare's play Merchant of Vernice called Shylock.

What I've been saying since.
I get really surprised when I see people presenting China to be this saint that is coming to save the world from capitalism and  American imperialism. I think they just hate the U.S. more than they love China because I don't see how China can be better than the U.S. And I also don't see how the yuan will be better than the dollar.

Sri Lanka has previously handed over a port to companies that are owned by the Chinese government.
China always seems to be fighting American imperialism but that is the exact same thing they (china) are doing. The Maldives or at least a part of it is also at risk of being owned by China, but let's keep believing they are the messiah that has come to save the world from imperialism.

[davis196]

The real question here is why would the Chinese accept monkeys as payment? Are they going to eat them?
Are they doing to sell them to the ordinary people as pets(or maybe put them into zooparks)? 4000 dollars per monkey seems like a lot to me.
I definitely wouldn't pay 4000USD for a monkey. Maybe the next step for the government of Sri Lanka would be to sell people to China and send them to work there as slaves. I'm joking, but the whole situation is absurd.

[woez]

Well, it's a bit unclear why the Chinese accepted monkeys as payment, but it's possible they had their reasons, I am also here wondering if it is possible for any reputable financial institution to accept monkeys as payment for any type of debt or liability where monkeys are not a form of currency or an asset that can be easily exchanged for cash or some other form of value.

[ilovealtcoins]

China is a country where almost all kinds of animals are eaten. So I think the Chinese government will buy monkeys from Sri Lanka and feed everyone .Sri Lanka has more monkeys, so they will give monkeys to China.

China seems never to give up to eat endangered animals where they know it's dangerous. China never give up on where the covid come from, and they still blindly ate unusual animals, while Sri Lanka receive the offers because of the big dept. We can't do anything about this situation. Sri Lanka is tied, and do whatever China request. Maybe is good for the country, but of course, this will affect for forest ecosystem, I am really sure, their habitat will be exhausted and forest food circulation will be unstable in the near future.

What evidence is there that they will use those monkeys for food? Or do you just say nonsense and think nothing? You seem to hate China very much, you have the right to hate the Chinese government, but you need to have proof before you speak ill of them. When you're a creditor, and the debtor doesn't pay, you'll squeeze anything, and that's normal. All great powers are equally miserable, no one is as good as you dream, not even America.

[stompix]

The real question here is why would the Chinese accept monkeys as payment? Are they going to eat them?
Are they doing to sell them to the ordinary people as pets(or maybe put them into zooparks)? 4000 dollars per monkey seems like a lot to me.

Somebody else said the same about the monkey price, but I mention, this is the price Google gives me for a healthy pet monkey of the same genus.
Probably a wild animal just traped and sent in a cage to a foreign country would maybe be 500-1000 at most including the costs but I have like zero clues about monkey prices, monkey farming, and monkey trading!

where did you read that they only have 18 Zoos in China?
because I try to search about this and I found this website saying"In 2021, the number of parks and zoos in China amounted to 22,062.", even this article says that China has 1000 Zoos in their country

Both the 28 and the 1000 numbers are somewhat correct.
There are only 28 zoos that respect normal animal welfare standards, the rest are private enterprise or municipal owned small zoos with terrible conditions, cramped, and without vets, so by Western standards, they would qualify mostly as a poultry farm than a zoo.

China’s terrible zoos and why they’re still thriving
https://www.scmp.com/news/china/society/article/2100775/chinas-terrible-zoos-and-why-theyre-still-thriving

As for the question everyone asked, let's be real
- 100 000 monkeys won't fed even one city for a day
- you don't buy 100 000 monkeys for zoos when the species are known to be the best at reproducing in captivity

They are going to do testing on them it's obvious as the sky is blue, and everyone knows it.

But my question is, when China were loaning out such amount of money to Sri Lanka why didn't they asked for collateral before releasing such huge amount of money to them? Seems they had no option to accept whatever Sri Lanka offer to pay back to them.

Because this is not Bitcointalk, if Sri Lanka would have had the collateral it would have used that.
Besides, to the ones approving or asking for the loan it doesn't matter, they are not the ones paying it, and to China, it doesn't matter either, they can loan one billion, then bribe the next government with a few million and those will sell them things worth 2 billion for that debt.
Simple as that, it's easy when it's not actually your money!

[CryptSafe]

This is such a funny way of settling debt, but this is also, in some sense, telling us how mean and to what level China can reach just to take back their debt.
Before China requested for monkeys from them, they checked within their surroundings, and monkey is the only thing they can attribute value to in that entire country, so they just have to go for it. A country like Sri Lanka will take any offer given to them, especially on something that's mostly common in their locality.

But my question is, when China were loaning out such amount of money to Sri Lanka why didn't they asked for collateral before releasing such huge amount of money to them? Seems they had no option to accept whatever Sri Lanka offer to pay back to them.

Every loan has a requirement to be met; some loans just require a mutual agreement between two countries; no collateral is required sometimes. Before China gave out such an amount to Sri Lanka, they had a mutual agreement or something of interest from Sri Lanka. If they don't see anything reasonable or something they can achieve from them, they won't even think of giving out that loan. Something about their target might fail them, and then they will have to go for anything available in order not to be completely on the losing side.

China knows what they want so they extending hands in loan servicing is not bad as the loans are for a particular meaningful purpose. China is a  friendly nation so I do not see it as a new thing her sister nation going to them for loan and one thing I like about China is that they do not refuse the loan, they are open and give helping hands to all countries.

Sri Lanka agreeing to pay back with monkeys is not a bad thing if that is what China opted for as loan or debt servicing, it is okay for them to get along together. Do not forget that Chinese eats animals alot and also note that animals are very strong creature  and are better option for experimental analysis and test for newly produced drugs, chemicals and lots more to know how effective they can be to humans.

So therefore, I see no reasons anything wrong for such agreement if China made such request or Sri Lanka making such proposal for debt servicing.

[umbara ardian]

As an animal lover, I don't like this action of the Sri Lankan government and feel sorry for the monkeys, as they are just an asset to pay off debt. A government that has too many internal problems going on. The budget is no longer available, so they use animals as a kind of debt repayment asset.
I wonder after repaying China with monkeys, what will China do to them? It probably won't have a good ending, but I still hope it's a good thing. And will the Sri Lankan government continue to use animals to pay off debt? Surely anyone can guess.

[naikturun]

if china charges monkeys it looks like this could be an opportunity to breed monkeys, and also monkeys like any food so it doesn't really matter what they eat.
or maybe some of the payments could be substituted with another animal it would be interesting if that were the case.

[Flexystar]

That's a funny statement but who knows the real side of this story?
So what we are reading here is, they are trading the animals to recover from the debts they took for their own advantage and now the animal who doesn't even care what a monetary system is, has to tackle the human shit?

Seriously? Do you think China will really support these monkeys to get out of the endangered status by any means here? I highly doubt it. China is known for the weirdest things out there, from eating cockroaches to live lizards, they are the aliens of the earth taking refuge under human skin.

Have you seen the shift in the atmosphere from Sri Lanka to China? They will never survive that. They are shifting the habitat aggressively and it is going to affect their lives for sure. In addition to all, Sri Lankan's are just scratching the surface of their debts and they are going to regret it later for sure.