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#Nayib Bukele

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El Salvador’s $666M Bitcoin Reserve Survives IMF Review
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El Salvador’s $666M Bitcoin Reserve Survives IMF Review

Key Highlights: El Salvador holds approximately 7,794.37 Bitcoin, valued at around $666.1 million, under continued scrutiny from the International Monetary Fund (IMF). A recent IMF program review granted a waiver while maintaining strict limits on public-funded Bitcoin purchases and requiring further structural reforms. The administration of President Nayib Bukele has transferred majority control of the ...

IMF Praises El Salvador but Seeks to Scale Back Its Bitcoin Project
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IMF Praises El Salvador but Seeks to Scale Back Its Bitcoin Project

Key Highlights The IMF said El Salvador’s economic activity exceeded expectations as security and investor confidence improved. The fund said performance criteria related to Bitcoin accumulation were not met, although waivers were granted. El Salvador’s Bitcoin Office has repeatedly said the country continues to buy Bitcoin, contradicting the IMF’s September assessment. IMF Praises El Salvador’s ...