San Salvador Times
The Pulse of El Salvador’s Transformation
Wednesday, Jul 30, 2025
San Salvador Times
El Salvador Halts Bitcoin Purchases Amid IMF Loan Deal
IMF says crypto transactions were misrepresented as part of a $1.4B loan agreement
The International Monetary Fund has raised fresh concerns about El Salvador’s transparency regarding its cryptocurrency holdings, stating that the government has merely shuffled existing Bitcoin assets rather than making new purchases as claimed.
According to the IMF, the last actual acquisition took place in February 2025, coinciding with negotiations for a $1.4 billion loan.
Critics now accuse the Bukele administration of misleading both the Salvadoran public and international partners about the scope and scale of its digital currency strategy.
According to the IMF, the last actual acquisition took place in February 2025, coinciding with negotiations for a $1.4 billion loan.
Critics now accuse the Bukele administration of misleading both the Salvadoran public and international partners about the scope and scale of its digital currency strategy.
