Close Menu
Daily ForexDaily Forex
  • Home
  • Broker Comparison
  • Market Rates
  • Market Updates
  • News
  • About us
  • Contact us
  • List your Broker
  • Advertise with us

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Silver Price Surges Past $38.50 Amid Copper Tariffs and Industrial Demand

July 14, 2025

USD/CAD Holds Steady Near 1.3700 as Tariff Tensions Weigh on Canadian Dollar Despite Strong Jobs Data

July 14, 2025

AUD/USD Slips as China’s Trade Surplus Narrows and US Tariff Threats Intensify

July 14, 2025
Facebook X (Twitter) Instagram
  • About Us
  • Contact Us
  • List Your Broker
  • Advertise with Us
  • Economic Calendar
Facebook X (Twitter) Instagram YouTube Telegram
Daily ForexDaily Forex
Demo
  • Home
  • Broker Reviews
  • Learn Forex
  • Learn Crypto
  • Market Rate
  • Market Updates
  • News
Daily ForexDaily Forex
Home » El Salvador Boosts Bitcoin Reserves Despite IMF Agreement Restrictions
Crypto

El Salvador Boosts Bitcoin Reserves Despite IMF Agreement Restrictions

By Hamza ShahMarch 6, 2025No Comments3 Mins Read637 Views
Facebook Twitter Pinterest LinkedIn Telegram Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

DailyForex.pk Exclusive Report

El Salvador has expanded its Bitcoin holdings, surpassing 6,102 BTC, despite commitments to the International Monetary Fund (IMF) that limit government-level cryptocurrency purchases. The latest Bitcoin acquisition, announced on Wednesday by the National Bitcoin Office, raises new questions about the country’s crypto strategy, particularly after securing a $1.4 billion IMF loan.


El Salvador’s Bitcoin Accumulation Amid IMF Conditions

The Bitcoin-friendly Central American nation made headlines once again by adding another Bitcoin to its Strategic Bitcoin Reserve Fund. This brings its total holdings to an estimated $550 million in Bitcoin.

Key Highlights:

  • El Salvador’s Bitcoin Holdings: 6,102 BTC (approx. $550M).
  • New Bitcoin Purchase: Announced Wednesday.
  • IMF Loan Agreement: $1.4 billion, 40-month program.
  • Bitcoin’s Role in El Salvador: Not required for tax payments; public adoption remains voluntary.

While Bitcoin was declared legal tender in 2021, its actual use in daily transactions has been limited. The recent IMF agreement marked a downgrade in Bitcoin’s legal status, as its compulsory acceptance was removed.


IMF Concerns & El Salvador’s Bitcoin Strategy

The IMF’s agreement with El Salvador includes a provision prohibiting further Bitcoin purchases at the government level. However, the recent strategic reserve increase raises concerns over compliance.

IMF’s Response:

“The Salvadoran authorities have assured us that the recent increase in Bitcoin holdings in the Strategic Bitcoin Reserve Fund is consistent with agreed program conditionality,” an IMF spokesperson stated.

Despite these assurances, the IMF did not clarify how purchases made by El Salvador’s National Bitcoin Office differ from direct government holdings.

Meanwhile, Salvadoran government bonds took a hit, with:

  • 2041 bonds down 0.75 cents on the dollar.
  • 2050 bonds declining 0.75 cents on the dollar.

El Salvador’s Bitcoin Investment: Risk or Opportunity?

Since the IMF board approval last week, El Salvador has purchased 12 additional BTC. While President Nayib Bukele has championed Bitcoin as a key financial strategy, critics argue that the country’s finances remain fragile, relying heavily on external funding.

With Bitcoin’s price volatility and the IMF’s restrictions, investors remain divided over whether El Salvador’s continued Bitcoin acquisitions represent bold financial innovation or a risky bet.


What’s Next for El Salvador?

  • Closer scrutiny from international financial institutions.
  • Potential conflict between IMF loan conditions and Bitcoin investments.
  • Market reaction to El Salvador’s bond performance.
  • Bitcoin price movements, influencing the country’s total reserves.

Bottom Line

El Salvador continues to double down on Bitcoin, despite IMF-imposed restrictions on government exposure. With Bitcoin’s legal role now weaker than before, the nation’s financial future hinges on whether crypto adoption will pay off in the long run—or expose El Salvador to greater economic risk.

📌 Stay tuned to DailyForex.pk for real-time updates on global crypto and forex news! 🚀

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Silver Price Surges Past $38.50 Amid Copper Tariffs and Industrial Demand

July 14, 2025

USD/CAD Holds Steady Near 1.3700 as Tariff Tensions Weigh on Canadian Dollar Despite Strong Jobs Data

July 14, 2025

AUD/USD Slips as China’s Trade Surplus Narrows and US Tariff Threats Intensify

July 14, 2025

Bitcoin Eyes $130K as Price Blasts to New Record Near $120,000

July 14, 2025

USD/JPY and AUD/USD Outlook: Trade Tariffs, BoJ Caution, and China Data Shape Next Moves

July 14, 2025

Gold and Silver Breakout: Triangle and Cup Patterns Point to Fresh Upside Momentum

July 14, 2025
Leave A Reply Cancel Reply

Top Posts

Should Forex Traders Use Brokers Offering Deposit Bonuses? Is It Really Worth It?

March 6, 20252,715 Views

Pakistan Confident in IMF Bailout Review as Economic Stability Gains Momentum

March 4, 20252,651 Views

Gold Price in Pakistan Today – March 7, 2025 (Morning Update)

March 7, 20252,640 Views
Don't Miss

Silver Price Surges Past $38.50 Amid Copper Tariffs and Industrial Demand

July 14, 2025

Silver prices jump past $38.50 as copper tariffs raise industrial demand outlook and safe-haven interest grows.

USD/CAD Holds Steady Near 1.3700 as Tariff Tensions Weigh on Canadian Dollar Despite Strong Jobs Data

July 14, 2025

AUD/USD Slips as China’s Trade Surplus Narrows and US Tariff Threats Intensify

July 14, 2025

Bitcoin Eyes $130K as Price Blasts to New Record Near $120,000

July 14, 2025
Stay In Touch
  • Facebook
  • YouTube
  • TikTok
  • WhatsApp
  • Twitter
  • Instagram
Latest Reviews
Daily Forex
Facebook X (Twitter) YouTube
  • Home
  • Privacy Policy
  • Terms of use
  • Disclaimer
  • Feedback
Copyright © 2025 DailyForex.pk. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.