IMF Suggests El Salvador May Not Have Made New Bitcoin Purchases Despite Government Claims in 2025
2025-07-18 21:06:50
Main Idea
The IMF report reveals that El Salvador has not purchased any new Bitcoin since December 2024, contradicting President Nayib Bukele's claims, and highlights the country's compliance with IMF-driven fiscal reforms.
Key Points
1. The IMF's July 15, 2025 report confirms El Salvador halted Bitcoin purchases since December 2024, despite President Bukele's claims of daily acquisitions.
2. Public-sector Bitcoin holdings remained unchanged after the approval of a $1.4 billion IMF loan, revealing a transparency gap.
3. El Salvador agreed to cease public-sector Bitcoin purchases and plans to privatize the Chivo wallet by July 2025 as part of IMF-driven fiscal reforms.
4. The government aims to enhance transparency and accountability through measures like the privatization of Chivo and the public Bitcoin trust, Fidebitcoin.
5. The IMF's findings underscore the challenges of maintaining trust in El Salvador's fiscal environment and its Bitcoin strategy.
Description
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