The International Monetary Fund (IMF) has confirmed that El Salvador has not made Bitcoin purchases since December 2024, contradicting claims made by President Nayib Bukele.
IMF's Confirmation of Bitcoin Purchase Halt
The IMF published a report stating that El Salvador has not engaged in Bitcoin purchases since December 2024. This assertion contrasts with statements made by senior officials, including President Bukele, who claims the country continues to buy cryptocurrency daily.
Counterarguments from El Salvador's President
Despite the IMF's data, President Bukele persists in asserting daily Bitcoin purchases, leading to debates within the crypto community. Key players include Finance Minister Jerson Rogelio Posada Molina and Central Bank President Douglas Pablo Rodríguez Fuentes.
Impact on the Country's Financial Strategy
The halt in Bitcoin purchases raises questions about El Salvador's financial strategy as it affects the nation's credibility and fiscal stability. The IMF requires El Salvador to adhere to conditions regarding fiscal policies and regulatory transparency related to the Bitcoin project.
The situation surrounding Bitcoin purchases in El Salvador highlights the importance of aligning local financial policies with the requirements of international organizations and raises questions about the future of cryptocurrency investments in the country.
