El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻

[wavessurfing]

this text is not clear
i understand that IMF agrees with IMF, its all

[LDL]

The International Monetary Fund confirms El Salvador adheres to its pledge not to accumulate Bitcoin in its fiscal sector. watch video
The IMF have come out to clear the air that El Salvador recent consistent buying of bitcoin are still in line with the agreed program requirements/conditionality and that they haven't violated any of the essentials terms. This clarification is going to stop the rumors that El Salvador isn't keeping to agreement with the IMF standards.
This is a clearer evidence that El Salvador is still on the right paths and haven't lost a single steps while accumulating Bitcoin and still keeping to IMF agreement.

The IMF has added a condition to its $1.4 billion loan to El Salvador, meaning that El Salvador cannot purchase Bitcoin from its government reserves. The IMF has long prohibited the president of El Salvador from purchasing Bitcoin daily from the public sector, yet the president continues to purchase Bitcoin daily. However, this time the president will adopt an alternative method for purchasing Bitcoin, specifically urging the private sector to purchase Bitcoin from the private sector rather than spending money from the government sector. However, the IMF has previously prohibited El Salvador from purchasing Bitcoin with government funds, but this time it has agreed to take out a loan on the condition that Salvador will not purchase Bitcoin from government reserves.

https://coingape.com/el-salvador-pauses-public-sector-bitcoin-purchases-to-align-with-imf-loan-conditions/

[wavessurfing]

The International Monetary Fund confirms El Salvador adheres to its pledge not to accumulate Bitcoin in its fiscal sector. watch video
The IMF have come out to clear the air that El Salvador recent consistent buying of bitcoin are still in line with the agreed program requirements/conditionality and that they haven't violated any of the essentials terms. This clarification is going to stop the rumors that El Salvador isn't keeping to agreement with the IMF standards.
This is a clearer evidence that El Salvador is still on the right paths and haven't lost a single steps while accumulating Bitcoin and still keeping to IMF agreement.

The IMF has added a condition to its $1.4 billion loan to El Salvador, meaning that El Salvador cannot purchase Bitcoin from its government reserves. The IMF has long prohibited the president of El Salvador from purchasing Bitcoin daily from the public sector, yet the president continues to purchase Bitcoin daily. However, this time the president will adopt an alternative method for purchasing Bitcoin, specifically urging the private sector to purchase Bitcoin from the private sector rather than spending money from the government sector. However, the IMF has previously prohibited El Salvador from purchasing Bitcoin with government funds, but this time it has agreed to take out a loan on the condition that Salvador will not purchase Bitcoin from government reserves.

https://coingape.com/el-salvador-pauses-public-sector-bitcoin-purchases-to-align-with-imf-loan-conditions/

this paper is clearer, and discusses the great outside interferences aiming at the present Salvador revolution.
IMF is currently sort of fossil, but itself will be submitted to great internal/external evolutions. world is changing presently.
please let Salvador pursue its not-so-evident transformation.

[Nothingtodo]

i understand that IMF agrees with IMF, its all

The IMF's previous terms remain the same, but El Salvador's purchase of Bitcoin has been suspended for the time being. From the posts mentioned above, it is understood that the IMF will not provide a loan until the El Salvador government stops purchasing Bitcoin from its reserves. Strange decision.

[avp2306]

i understand that IMF agrees with IMF, its all

The IMF's previous terms remain the same, but El Salvador's purchase of Bitcoin has been suspended for the time being. From the posts mentioned above, it is understood that the IMF will not provide a loan until the El Salvador government stops purchasing Bitcoin from its reserves. Strange decision.

But this is been rejected by Bukele https://www.cointribune.com/en/el-salvador-challenges-the-imf-and-continues-its-accumulation-of-bitcoin/

That condition asked by IMF is to much and its like they are saying that they want to control El Salvador. Its great that they have great leader like Bukele since he knows how to reject things that to much for them.

I admire their firm  stand point and we can see that they are really for Bitcoin and IMF is just a bullshit controlling institution that wants to manipulate them.

[nemesis_incarnate]

i understand that IMF agrees with IMF, its all

The IMF's previous terms remain the same, but El Salvador's purchase of Bitcoin has been suspended for the time being. From the posts mentioned above, it is understood that the IMF will not provide a loan until the El Salvador government stops purchasing Bitcoin from its reserves. Strange decision.

Manipulation, and they don't even try to hide it.

As we saw, Bukele won't back up, and it's great - I hope he achieves everything for his country and BTC alike.

[JayJuanGee]

i understand that IMF agrees with IMF, its all

The IMF's previous terms remain the same, but El Salvador's purchase of Bitcoin has been suspended for the time being. From the posts mentioned above, it is understood that the IMF will not provide a loan until the El Salvador government stops purchasing Bitcoin from its reserves. Strange decision.

But this is been rejected by Bukele https://www.cointribune.com/en/el-salvador-challenges-the-imf-and-continues-its-accumulation-of-bitcoin/

That condition asked by IMF is to much and its like they are saying that they want to control El Salvador. Its great that they have great leader like Bukele since he knows how to reject things that to much for them.

I admire their firm  stand point and we can see that they are really for Bitcoin and IMF is just a bullshit controlling institution that wants to manipulate them.

From my understanding, the situation is a moving target, so it does not help to cite articles that are nearly 2 months old when talking about El Salvador's current position and/or their responses to recent IMF proclamations - and sure some of those proclamations are ambiguous in terms of what they expect El Salvador to do in term of their bitcoin acquisition or their bitcoin participation and/or promotion and what El Salvador is actually doing in regards to these bitcoin related participation, purchasing and/or promotion matters. 

Even some folks close within some of Bukele's circles were not sure about the extent to which some of El Salvador's bitcoin related policies and practices were going to change based on new loan terms and the interpretation (and public pronouncements) of the parties about their interpretation of new loan terms... and even the loan itself, does not seem to be a one time thing, since it comes in installments, and so El Salvador could be considered (by the IMF) to be in compliance, or out of compliance at the time of one of the loan installments, yet if at some point down the road, then IMF might consider El Salvador to be "out of compliance" and then at that point, they have a dispute about the loan, and perhaps El Salvador will consider the IMF to be out of compliance by their holding back of the distribution of the next loan installments.

[Doan9269]

i understand that IMF agrees with IMF, its all

The IMF's previous terms remain the same, but El Salvador's purchase of Bitcoin has been suspended for the time being. From the posts mentioned above, it is understood that the IMF will not provide a loan until the El Salvador government stops purchasing Bitcoin from its reserves. Strange decision.

But this is been rejected by Bukele https://www.cointribune.com/en/el-salvador-challenges-the-imf-and-continues-its-accumulation-of-bitcoin/

That condition asked by IMF is to much and its like they are saying that they want to control El Salvador. Its great that they have great leader like Bukele since he knows how to reject things that to much for them.

I admire their firm  stand point and we can see that they are really for Bitcoin and IMF is just a bullshit controlling institution that wants to manipulate them.

From my understanding, the situation is a moving target, so it does not help to cite articles that are nearly 2 months old when talking about El Salvador's current position and/or their responses to recent IMF proclamations - and sure some of those proclamations are ambiguous in terms of what they expect El Salvador to do in term of their bitcoin acquisition or their bitcoin participation and/or promotion and what El Salvador is actually doing in regards to these bitcoin related participation, purchasing and/or promotion matters. 

Even some folks close within some of Bukele's circles were not sure about the extent to which some of El Salvador's bitcoin related policies and practices were going to change based on new loan terms and the interpretation (and public pronouncements) of the parties about their interpretation of new loan terms... and even the loan itself, does not seem to be a one time thing, since it comes in installments, and so El Salvador could be considered (by the IMF) to be in compliance, or out of compliance at the time of one of the loan installments, yet if at some point down the road, then IMF might consider El Salvador to be "out of compliance" and then at that point, they have a dispute about the loan, and perhaps El Salvador will consider the IMF to be out of compliance by their holding back of the distribution of the next loan installments.

With bitcoin investment pattern in which El-Salvador has been doing for quite some time, it only requires them more time to be able to emerge out of any form of attempts to reconsider going back to IMF for loan, because with bitcoin investment, they can gradually solve all their debts and make a repayment over time, which is what they have always stood on and i don't want them to have a shift on ground about this, IMF may be giving divers directives and advise as against the investment decision they are taking over bitcoin to buy, hold and accumulate bitcoin, but i can vividly say this that they are placing a hold on this not because of the warning from IMF, but to strategize themselves before continuing.

[cr1776]

It is extremely telling that the IMF fears bitcoin as much as it does.  Some may be stupid, but many there know that bitcoin is significantly better money than fiat.  For example the USD has lost around 98% of its purchasing power under Fed (mis)management.  That is one reason why a US $20 one oz gold double eagle now costs around $3300-$3400. (It may be much more if you include any numismatic value of course.)  The IMF knows that there are plenty of smart people around the world who want to protect themselves from authoritarians of any stripe whether socialists, communists, fascists, totalitarians etc. and can use bitcoin to do so.  Of course they can use gold, but it is not nearly as portable etc.

Anyway, I believe it is indicative of the fear that they have of a non-government controlled money since for around 112 years now the US has been at the mercy of people who want to tax them via inflation and control them via controlling their money. 

[wavessurfing]

It is extremely telling that the IMF fears bitcoin as much as it does.  Some may be stupid, but many there know that bitcoin is significantly better money than fiat.  For example the USD has lost around 98% of its purchasing power under Fed (mis)management.  That is one reason why a US $20 one oz gold double eagle now costs around $3300-$3400. (It may be much more if you include any numismatic value of course.)  The IMF knows that there are plenty of smart people around the world who want to protect themselves from authoritarians of any stripe whether socialists, communists, fascists, totalitarians etc. and can use bitcoin to do so.  Of course they can use gold, but it is not nearly as portable etc.

Anyway, I believe it is indicative of the fear that they have of a non-government controlled money since for around 112 years now the US has been at the mercy of people who want to tax them via inflation and control them via controlling their money. 

a " regulator" to merit its name, has to make things smooth and equitable, but not always and uniquely be oriented on the brakes.

did you remark how people presently speak of Salvador?

-most frequently about crime repression, by wrestling with the mafia. It has obtained clear results in this way, benefiting greatly to the people, and US approves that..

-a very different topic is experimentation in bitcoin and economic development, but when people speak of crime reduction, they do not utter a word on bitcoin. Please don't mix the socks together.

-a third way is success in tourism development, a favourable consequence of the other two. This also is generally treated separately.

This is unique in small countries of the latin america world, and you should consider the whole evolution, not only a fragment.

[JayJuanGee]

[edited out]

With bitcoin investment pattern in which El-Salvador has been doing for quite some time, it only requires them more time to be able to emerge out of any form of attempts to reconsider going back to IMF for loan, because with bitcoin investment, they can gradually solve all their debts and make a repayment over time, which is what they have always stood on and i don't want them to have a shift on ground about this, IMF may be giving divers directives and advise as against the investment decision they are taking over bitcoin to buy, hold and accumulate bitcoin, but i can vividly say this that they are placing a hold on this not because of the warning from IMF, but to strategize themselves before continuing.

I have not seen any statement that El Salvador is actually pausing in its accumulation of 1 bitcoin per day or whatever might be some modest form of ongoing BTC accumulation.   I will take with a grain of salt any proclamations of actually moving away from their goals, even though surely there are a lot of folks in El Salvador who likely do not have much of a discretionary income, so they might not be advantaged from investing into bitcoin, and using bitcoin as a payment system is not as compelling.

[BlackBoss_]

I have not seen any statement that El Salvador is actually pausing in its accumulation of 1 bitcoin per day or whatever might be some modest form of ongoing BTC accumulation.   I will take with a grain of salt any proclamations of actually moving away from their goals, even though surely there are a lot of folks in El Salvador who likely do not have much of a discretionary income, so they might not be advantaged from investing into bitcoin, and using bitcoin as a payment system is not as compelling.

El Salvador and their President become less actively in their updates on Bitcoin purchases since late 2022. Their last updates were in December 2024, the last year but I agree with you that I did not read any tweet from El Salvador President on their pause of Bitcoin accumulation.

El Salvador portfolio tracker.
https://nayibtracker.com/

This one is more actively updated and shows that El Salvador are continuing their Bitcoin DCA purchases.
https://intel.arkm.com/explorer/entity/el-salvador

[xSkylarx]

I have not seen any statement that El Salvador is actually pausing in its accumulation of 1 bitcoin per day or whatever might be some modest form of ongoing BTC accumulation.   I will take with a grain of salt any proclamations of actually moving away from their goals, even though surely there are a lot of folks in El Salvador who likely do not have much of a discretionary income, so they might not be advantaged from investing into bitcoin, and using bitcoin as a payment system is not as compelling.

El Salvador and their President become less actively in their updates on Bitcoin purchases since late 2022. Their last updates were in December 2024, the last year but I agree with you that I did not read any tweet from El Salvador President on their pause of Bitcoin accumulation.

El Salvador portfolio tracker.
https://nayibtracker.com/

This one is more actively updated and shows that El Salvador are continuing their Bitcoin DCA purchases.
https://intel.arkm.com/explorer/entity/el-salvador

The last news I heard from them was last February. It was when they took a step back from their decision about making bitcoin as a legal tender. They had to do it following the pressure from International Monetary Fund (IMF).

Upon searching, I found this that was released today.

El Salvador’s Bitcoin accumulation quietly persists under IMF watch.

While President Nayib Bukele’s government formally paused its Bitcoin acquisitions by public sector entities to satisfy International Monetary Fund (IMF) loan conditions, the country's Bitcoin Office continues to quietly expand the country’s national reserves.

Source: https://decrypt.co/316650/el-salvador-is-buying-bitcoin-despite-imf-compliance-how


Seems like they've gone lowkey for now since they know IMF is watching them. This move might be the best for now to avoid drawing too much attention while still reinforcing Nayib's commitment to buy 1 bitcoin per day as part of his economic vision.

[wavessurfing]

I have not seen any statement that El Salvador is actually pausing in its accumulation of 1 bitcoin per day or whatever might be some modest form of ongoing BTC accumulation.   I will take with a grain of salt any proclamations of actually moving away from their goals, even though surely there are a lot of folks in El Salvador who likely do not have much of a discretionary income, so they might not be advantaged from investing into bitcoin, and using bitcoin as a payment system is not as compelling.

El Salvador and their President become less actively in their updates on Bitcoin purchases since late 2022. Their last updates were in December 2024, the last year but I agree with you that I did not read any tweet from El Salvador President on their pause of Bitcoin accumulation.

El Salvador portfolio tracker.
https://nayibtracker.com/

This one is more actively updated and shows that El Salvador are continuing their Bitcoin DCA purchases.
https://intel.arkm.com/explorer/entity/el-salvador

The last news I heard from them was last February. It was when they took a step back from their decision about making bitcoin as a legal tender. They had to do it following the pressure from International Monetary Fund (IMF).

Upon searching, I found this that was released today.

...................................

El Salvador’s Bitcoin accumulation quietly persists under IMF watch.

While President Nayib Bukele’s government formally paused its Bitcoin acquisitions by public sector entities to satisfy International Monetary Fund (IMF) loan conditions, the country's Bitcoin Office continues to quietly expand the country’s national reserves.

Source: https://decrypt.co/316650/el-salvador-is-buying-bitcoin-despite-imf-compliance-how


Seems like they've gone lowkey for now since they know IMF is watching them. This move might be the best for now to avoid drawing too much attention while still reinforcing Nayib's commitment to buy 1 bitcoin per day as part of his economic vision.

OK thanks,
simply the new buying is "outside the fiscal sector", i.e. as a private placement. Life continues with 6,161 btc...

[melinoe]

OK thanks,
simply the new buying is "outside the fiscal sector", i.e. as a private placement. Life continues with 6,161 btc...

There is always a way out of almost any situation, and as we see here - the path to continue was found, and I am glad it happened.

[Doan9269]

[edited out]

With bitcoin investment pattern in which El-Salvador has been doing for quite some time, it only requires them more time to be able to emerge out of any form of attempts to reconsider going back to IMF for loan, because with bitcoin investment, they can gradually solve all their debts and make a repayment over time, which is what they have always stood on and i don't want them to have a shift on ground about this, IMF may be giving divers directives and advise as against the investment decision they are taking over bitcoin to buy, hold and accumulate bitcoin, but i can vividly say this that they are placing a hold on this not because of the warning from IMF, but to strategize themselves before continuing.

I have not seen any statement that El Salvador is actually pausing in its accumulation of 1 bitcoin per day or whatever might be some modest form of ongoing BTC accumulation.   I will take with a grain of salt any proclamations of actually moving away from their goals, even though surely there are a lot of folks in El Salvador who likely do not have much of a discretionary income, so they might not be advantaged from investing into bitcoin, and using bitcoin as a payment system is not as compelling.

I have not seen any statement that El Salvador is actually pausing in its accumulation of 1 bitcoin per day or whatever might be some modest form of ongoing BTC accumulation.   I will take with a grain of salt any proclamations of actually moving away from their goals, even though surely there are a lot of folks in El Salvador who likely do not have much of a discretionary income, so they might not be advantaged from investing into bitcoin, and using bitcoin as a payment system is not as compelling.

El Salvador and their President become less actively in their updates on Bitcoin purchases since late 2022. Their last updates were in December 2024, the last year but I agree with you that I did not read any tweet from El Salvador President on their pause of Bitcoin accumulation.

El Salvador portfolio tracker.
https://nayibtracker.com/

This one is more actively updated and shows that El Salvador are continuing their Bitcoin DCA purchases.
https://intel.arkm.com/explorer/entity/el-salvador

With respect to what you have all said, i also go inline with you that there is no official statement from El-Salvador in pausing its commitment on buying bitcoin the more, what i see here is just a fuse from the social media whereby people only stressed more on the distractions from IMF over its warning against its action of buying more bitcoin, but as we all have known El-Salvador right form the start, they cannot yield to the directives of IMF because they don't want to go back to the slavery they have once been and bitcoin has the very potential to give them the required profits needed in clearing some of their debts, i knew it already, that Bukele cant put an hold to the bitcoin investment plan they have started regardless of the warning form IMF.

Thank you all for your inputs.

[Vip 75]

The IMF confirmed Tuesday that 🇸🇻 El Salvador has upheld its commitment to stop bitcoin accumulation by its fiscal sector.

"I can confirm that El Salvador continues to comply with its commitment to not hoard bitcoin by the fiscal sector in general, which is our performance criterion," - Rodrigo Valdés, director of the Western Hemisphere at the IMF

https://www.talkimg.com/images/2025/04/29/U2VZjm.jpeg

https://x.com/BitcoinNewsCom/status/1916117632052322626?t=o4SVOwL-vatWUp8nV13T2g&s=19

[nemesis_incarnate]

The IMF confirmed Tuesday that 🇸🇻 El Salvador has upheld its commitment to stop bitcoin accumulation by its fiscal sector.

"I can confirm that El Salvador continues to comply with its commitment to not hoard bitcoin by the fiscal sector in general, which is our performance criterion," - Rodrigo Valdés, director of the Western Hemisphere at the IMF



https://x.com/BitcoinNewsCom/status/1916117632052322626?t=o4SVOwL-vatWUp8nV13T2g&s=19

As I saw in this X thread - who would forbid continuing to do what they need, but without public money? Or they just check its official wallets?

[AirtelBuzz]

El Salvador’s Ministry of Education To Launch Educational Bitcoin Curriculum For Young School Students

Through a new educational program for children aged seven through thirteen, Bitcoin becomes part of everyday learning and is shaping the next generation. El Salvador is showing once again that it is leading the way with Bitcoin — and this time, they’re starting with the next generation.

We see that the Ministry of Education in El Salvador is now looking to incorporate Bitcoin into the curriculum of many young students. In my opinion the new educational programs they have are giving priority to children between the ages of 7 and 13. Through this educational program for young children, everyone may be able to understand that they are moving further in the field of Bitcoin. In fact we all know about Lina seiches Hodler project, It is believed that the launch of that program will be announced through this project.

[betswift]

Through a new educational program for children aged seven through thirteen, Bitcoin becomes part of everyday learning and is shaping the next generation.El Salvador is showing once again that it is leading the way with Bitcoin — and this time, they’re starting with the next generation.

We see that the Ministry of Education in El Salvador is now looking to incorporate Bitcoin into the curriculum of many young students. In my opinion the new educational programs they have are giving priority to children between the ages of 7 and 17. Through this educational program, someone may not realize that they have made progress in the field of Bitcoin. In fact, we all know about Lina Saych's Hodler project, It is believed that the launch of that program will be announced through this project.

Wonderful ideas presented - kids tend to get the information better than after certain age going forward, so it's essential for them to learn the basics in everything relevant to move forward in any field they would want, BTC or not.