International Monetary Fund (IMF), Bitcoin (BTC) in the hands of El Salvador government $109,538.34 He explained a clear attitude towards not to increase his quantity. In the announcement made on Tuesday, an agreement was reached at the personnel level for the first review of the 40 -month expanded fund ease of ease of funds and one of the basic conditions of the agreement is new Bitcoin It was stated that it was to stop their purchases. The decision contradicts the insistence of the President Nayib Bukele’s “more Bitcoin”, while the IMF experts pointed out that the state’s crypto currency position has not yet emerged. Thus, the rope between the ambitious crypto currency plan of the Central American country and the multilateral financing needed.
Details of IMF’s El Salvador Conditional Support Package
The $ 1.4 billion EFF package signed in December last year requires structural reforms to narrow the budget deficit, alleviate the debt burden and support sustainable growth. The Assembly rapidly carried the agreement to domestic law and Bitcoin lawBTC made a change in the private sector by making changes to the acceptance of the payment.
In February, the approval of the IMF Board of Directors paved the way for the first 120 million dollar tongue, and fund economists added to their reports that the direct reflection of crypto currency assets on the state balance sheet may create fragility, although not yet ”.
Total support amount World bank It is expected to increase to $ 3.5 billion with the contribution of other organizations, including. In addition to classical financial disciplinary measures, the IMF attributed the state’s crypto currency to a strict monitoring mechanism. In this respect, monthly data sharing, real -time reporting and avoidance of new purchases were added to the conditions. Official Delegation crypto currency He emphasized that the use will remain voluntary for citizens, and he confirmed that the main currency will be the dollar in national payments.
The future of Bukele’s Bitcoin plan is now unclear
Nayib bouquetHas continued to expand the country’s digital case with a “daily BTC” purchasing plan it has been implemented since March 2024. Last week, the shared table showed that the portfolio carries unprecedented profits exceeding $ 357 million.
The bouquet, which did not respond directly to the emphasis on “Bitcoin purchases will stop” in the IMF statement, left the public expectation by quietly re -sharing the announcement. Market observers are wondering how to balance the President’s popular crypto monetary policies without step back for the sake of IMF loans.
The next examination of fund auditors will cover the cyber security of institutional wallets and the control of black money laundering risks. If the subsequent reviews of the program do not result in a positive result, loan installments can be suspended, which makes it difficult for the 2026 maturity bonds to refine. Bukele front, on the other hand, by suggesting the target of economic independence Bitcoin bond such as alternative financing channels are preparing to activate.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
