Barter may also to reduce a country's foreign debt. To save foreign exchange reserves, the be used creditors canned tuna to repay part of Philippine government offered some a state-owned S4-billion debt. If tuna is not enough, coconut oil and a seaweed extract. een, used as an additive in foods. toothpaste, cosmetics, and ice cream were offered. The seaweed and tuna exporters will be with pesos so no currency leaves paid the country. Compensation deals involve payment in goods and in cash. A seller delivers lathes to a buyer in Venezuela and receives 70 percent of the payment in convertible currency 30 in tanned hides and wool. In an actual deal, General Motors Corporation sold 2 million worth of locomotives and diesel engines to Yugoslavia and took cash and million in Yugoslavian cutting tools as payment . McDonnell Douglas agreed to a compensation deal with Thailand for eight top-of-the-range FA-18 strike aircraft . thailand agreed to pay $578 million of the total cost in cash. and McDonnell Douglas accept $93 million in a mixed bag of goods including Thai rubber, ceramics, furniture. frozen chicken. and canned fruit. In a move to reduce its current account deficit. the Thai government requires that 20 to 50 percent of the value of large contracts be paid for in raw and processed agricultural goods.