Has El Salvador been lying to the world?

[Die_empty]

It is truly shady but you know that the world organizations like this, including world bank, United nations are heavily influenced by the United States.

Also the namt IMF is not what they should be called, they supposed to be called IFF which mean International Fiat Funds. And the dominant fiat is United States dollars.

Even if the accusation is true, why should the IMF make this finding public? The organisation would be protecting some nations, but they just want to discredit El Salvador and shame them before the committee of nations.

However, if this claim is true it shows that Nayib Bukele has stained his reputation.  It shows that some of the reports of financial misappropriation, disrespect for human rights, and suppression of opposition might be true.

[dunfida]

Regardless any possibility is possible, at least El Salvador show a proof if they really buy and own Bitcoin, IMF can only give words without any proof. The same thing happened to  other celebrities, influencers, entities etc, they announce if they bought Bitcoin, but they didn't show any proof and we can't even track their holdings on explorer.

This is the account to track El Salvador https://intel.arkm.com/explorer/entity/el-salvador

Two days ago there was a news if Trump Media (DJT) invest $2 Billion in Bitcoin, I search "Trump Media" or "DJT" on arkham, but nothing found, so where's the proof?

Thats why it is that very hard to trust up on whatever the reports or things that surfaced out saying this and that. Same those comments or post above that i dont give that much of trust on what IMF
do say or whatever the reports that they've been that saying. Its been that a while that El Salvador did make Bitcoin as legal tender, if ever they've been accumulating and wanting to have that tons of coins then
everything could be traced or could be checked. These accusations should be at least be cleared out and if they are indeed that owning those coins then it wouldnt be an issue if we do speak if they do really earn or buy those coins.

Arent these news or issues surfaced out to be something new? I do already that expect that these issues will be coming out specially when we are that near on bull run or bullish period.
Tons of shitty sentiments that floats around.

[Cookdata]

El Salvador probably wanted to keep their image as a bitcoin friendly country. Not only do they want to appear friendly to bitcoin, it seems like they want to be a country known for having a lot of bitcoin and possibly get investors in their country. I have seen some people doubt IMF's reports but what do you think? It makes sense if bitcoin has become El Salvador's political move.

The IMF is afraid of Bitcoin in the sense that they don't have confidence in El Salvador Bitcoin reserves and since El Salvador want loan to grow their economy, they don't have choice but to make amends to what IMF instructed them. If they don't, they wouldn't have any laon and without loan, the country will remain backward and there is not independent organizations that is going to lend El Salvador that amount of money, even if there is the are going to ask the same condition.

Do I blame them? No! Do they alternative? I am not sure there is any and neither can the country survive without any loan. They need that money to grow their economy. They can't sell the Bitcoin because they have come far, they have gotten good recognition with Bitcoin, if they sell it now that means it might take ages before we see that country on the news again. They have to just accept the terms and get the loan or get the loan and come back to Bitcoin but there is a penalty fine if you breach in the loan contract.

[Reatim]

I also read this news 2 days ago and to be fair it is hard to know if El Salvador is lying to us or the IMF is lying?
But I lean towards the IMF and what they say, simply because El Salvador depends on them for loans, and the survival and interests of the nation must come first.

el salvador should immediately show proof and deflect the allegations against them or else their reputation will be tainted if imf is truly lying they should be exposed for it

it seems like el salvador and imf are both in a game we are only an audience of and this was imf's strike to el salvador and we shall see how el salvador responds

[Fivestar4everMVP]

El Salvador has not made any new Bitcoin purchases since February 2025, according to a new report released by the International Monetary Fund (IMF) on July 15.

The disclosure directly contradicts President Nayib Bukele’s long-standing public claim that his government has been buying one Bitcoin per day.

The IMF’s findings were included in the first formal review of the country’s Bitcoin program since El Salvador secured a $1.4 billion loan agreement in December 2024.

[...] The report noted that although on-chain activity shows BTC moving between wallets, these are not new acquisitions. Instead, the transactions reflect internal transfers between cold and hot wallets.

The IMF emphasized that these movements had led to a “misinterpretation” of El Salvador’s Bitcoin activity. Officials further argue that reallocated reserves or assets obtained through legal seizures do not qualify as state-backed Bitcoin buys.

El Salvador probably wanted to keep their image as a bitcoin friendly country. Not only do they want to appear friendly to bitcoin, it seems like they want to be a country known for having a lot of bitcoin and possibly get investors in their country. I have seen some people doubt IMF's reports but what do you think? It makes sense if bitcoin has become El Salvador's political move.

Whether or not the above report is real or fake, El Salvador has proved overtime to be a bitcoin friendly country since they still remain the very first country to make bitcoin a legal tender.
And besides, in such a matter,  it is not enough to read one side of the story and come to conclusion, we must wait atleast some time to see what the president of El Salvador has to say concerning the matter, it is very possible that IMF may also be wrong.

But then, if it happens that the IMF is right about the president of the country lying that they have been purchasing bitcoin everyday in the past months, well, I don't know what his reason for doing this would be so I better not judge, but just as I've said before, the man and his country are bitcoin friendly based on their past achievements in the crypto currency ecosystem.

[Jaycoinz]

No way am I going to trust what the IMF says on this issue. If they have really been buying it and keeping it in cold storage, it's very easy for them to prove it. The purchases are managed by Stacy, Max Keiser's wife, who I hope will respond to this accusation soon. Although I wouldn't bet my life on it either.

It would be crazy to bet your life on such issue besides we are all aware of how politician tend to play around Bitcoin just to get special treatment of some sort of benefits from this but also am not trying to say that what the IMF is saying is correct but you know what they say in every rumor there is actually a little truth to it so I believe before IMF is releasing such information there must be something that pushed the motive.

[Sim_card]

I know the length at which IMF has gone to discourage countries who are interested in setting up a bitcoin reserve just because they want to give them loan. I will not surprised if IMF is only making a propaganda on El Salvador regular bitcoin purchase because they are against countries relying on bitcoin to boost their economy in future. They are centralized giving out loans with fiat, do you want them to support to a decentralized system.

[Crypto Library]

I also read this news 2 days ago and to be fair it is hard to know if El Salvador is lying to us or the IMF is lying?
But I lean towards the IMF and what they say, simply because El Salvador depends on them for loans, and the survival and interests of the nation must come first.

What is the point of investing in bitcoin if the national economy is collapsing and people's lives are miserable? As president, Nayib Bukele knows that better than anyone, so I think El Salvador is lying to us. But I don't blame them because as I said, the survival and interests of the nation must come first. Not only them, I believe any of us or any country in the same situation would do the same.

If it is true that El Salvador is investing in bitcoin with a loan, then they are already contradicting the original terms of the investment. I doubt how much that will actually help them.

However, nowadays, the IMF and no one in any other country can be trusted because it is controlled by some whale peoples, and the IMF in particular is already famous for its criticism. But yes, I agree that El Salvador is not working according to their plan, and if that is the case, it is not a bad thing for the good of its people.

[Sonia_123]

El Salvador has not made any new Bitcoin purchases since February 2025, according to a new report released by the International Monetary Fund (IMF) on July 15.

The disclosure directly contradicts President Nayib Bukele’s long-standing public claim that his government has been buying one Bitcoin per day.

The IMF’s findings were included in the first formal review of the country’s Bitcoin program since El Salvador secured a $1.4 billion loan agreement in December 2024.

[...] The report noted that although on-chain activity shows BTC moving between wallets, these are not new acquisitions. Instead, the transactions reflect internal transfers between cold and hot wallets.

The IMF emphasized that these movements had led to a “misinterpretation” of El Salvador’s Bitcoin activity. Officials further argue that reallocated reserves or assets obtained through legal seizures do not qualify as state-backed Bitcoin buys.

El Salvador probably wanted to keep their image as a bitcoin friendly country. Not only do they want to appear friendly to bitcoin, it seems like they want to be a country known for having a lot of bitcoin and possibly get investors in their country. I have seen some people doubt IMF's reports but what do you think? It makes sense if bitcoin has become El Salvador's political move.

Right now it's is even difficult to believe who is saying truth, if it's Elsalvador or IMF, because agreement is an agreement, I don't think after the loan agreement deal , Elsalvador will want a bridge of contract, which is wrong because there might be a huge consequences for their actions.

IMF says that the Bitcoin office has counted one same coin twice, making the world to believe that they are increasing in riches daily, that it's all a game maybe politics within the government,but on the other hand, Bukele says Elsalvador has being buying Bitcoin daily, which we see daily on news, who do we believe now , or what is the IMF trying to do.

[cr1776]

No way am I going to trust what the IMF says on this issue. If they have really been buying it and keeping it in cold storage, it's very easy for them to prove it. The purchases are managed by Stacy, Max Keiser's wife, who I hope will respond to this accusation soon. Although I wouldn't bet my life on it either.

The IMF hates bitcoin because it takes power from them so it wouldn't surprise me at all if they are lying about it.  Their credibility - both with regard to bitcoin and economics in general - is zero.

[terrific]

I know the length at which IMF has gone to discourage countries who are interested in setting up a bitcoin reserve just because they want to give them loan. I will not surprised if IMF is only making a propaganda on El Salvador regular bitcoin purchase because they are against countries relying on bitcoin to boost their economy in future. They are centralized giving out loans with fiat, do you want them to support to a decentralized system.

The IMF has protect itself as well because it's the money that came from them which EL Salvador has used in buying Bitcoin.
In a sense of being on the part and side of El Salvador because they're bitcoin friendly, the IMF also has the rights to say what they want to say and how their money should be used as per their rules of loaning.
But right now, they can't do anything on it anymore or maybe there's a payment arrangement that the El Salvador is being reminded by the IMF through this kind of statements.

[KingsDen]

This has been one of my fears about a country making bitcoin a legal tender. Bitcoin and Blockchain is so public that it can be traced by anyone. There's no way El Salvador will be secretly buying bitcoin without the knowledge of the public or IMF. Although if they so determine to do so, they will. I know the threat and battle to faced from IMF who threatened to stop borrowing them money if they adopt bitcoin. Why the sudden change and now the same IMF is disproving them of buying bitcoin.

Between El Salvador and IMF, if there's anyone to believe, I'll always believe El Salvador. Even though they don't buy more bitcoin as they claimed. That single act of bravery and boldness to adopt bitcoin when others were scared has earned them my confidence and they will continue to enjoy same as long as BTC lasts.

[Lida93]

El Salvador has not made any new Bitcoin purchases since February 2025, according to a new report released by the International Monetary Fund (IMF) on July 15.

When did the IMF started caring so much about bitcoin, and about who did a purchase and didn't? It's just another propaganda to knock El Salvador off the grid in the scheme of countries with unalloyed support for bitcoin adoption. A decision that even the IMF had regularly kicked against. In my opinion on this, El Salvador did what other bigger countries at the time didn't have the balls to do and as such this alleged revelation by the IMF doesn't really count knowing very well what they stand for. USD, not bitcoin!

[Darker45]

I guess the keywords here are "state-backed Bitcoin buys." El Salvador has ceased buying Bitcoin using government's budget. That's one of the conditions set by IMF when they requested a loan, to which El Salvador agreed.

However, that doesn't necessarily mean the country stopped buying Bitcoin. That doesn't even mean the IMF is preventing the country from stacking Sats. What the loan agreement with the IMF prevented El Salvador from doing is buying Bitcoin using the country's fiscal accounts.

Of course, the country can fund certain programs outside the government's budget.

[Gallar]

El Salvador has not made any new Bitcoin purchases since February 2025, according to a new report released by the International Monetary Fund (IMF) on July 15.

The disclosure directly contradicts President Nayib Bukele’s long-standing public claim that his government has been buying one Bitcoin per day.

The IMF’s findings were included in the first formal review of the country’s Bitcoin program since El Salvador secured a $1.4 billion loan agreement in December 2024.

[...] The report noted that although on-chain activity shows BTC moving between wallets, these are not new acquisitions. Instead, the transactions reflect internal transfers between cold and hot wallets.

The IMF emphasized that these movements had led to a “misinterpretation” of El Salvador’s Bitcoin activity. Officials further argue that reallocated reserves or assets obtained through legal seizures do not qualify as state-backed Bitcoin buys.

El Salvador probably wanted to keep their image as a bitcoin friendly country. Not only do they want to appear friendly to bitcoin, it seems like they want to be a country known for having a lot of bitcoin and possibly get investors in their country. I have seen some people doubt IMF's reports but what do you think? It makes sense if bitcoin has become El Salvador's political move.

I don't know whether the statement made by the IMF is true or not. Because what I know is that since El Salvador began adopting bitcoin the IMF has always given El Salvador quite a stinging criticism. So if you look at that, it could be that the assumption said by the IMF was just a criticism for El Salvador. But, it does not rule out the possibility if the IMF is right. Because buying bitcoin every day with public funds will certainly be a little unbalanced for the country.

Because El Salvador hodl the bitcoin it buys, while what happens if the country of El Salvador needs money for its country's needs. So it is certain that with this it makes sense if El Salvador is not always able to buy bitcoin every heart. But even so, I don't think it matters if El Salvador can't afford bitcoin every day. Because that's their right and they are free to do whatever they want with the bitcoin investment they are running.

[kotajikikox]

No way am I going to trust what the IMF says on this issue. If they have really been buying it and keeping it in cold storage, it's very easy for them to prove it. The purchases are managed by Stacy, Max Keiser's wife, who I hope will respond to this accusation soon. Although I wouldn't bet my life on it either.

The IMF hates bitcoin because it takes power from them so it wouldn't surprise me at all if they are lying about it.  Their credibility - both with regard to bitcoin and economics in general - is zero.

There could be ways to verify what both are saying and this is what is good with blockchain tech, right? They can't just manipulate proof because anyone can verify for themselves. But right now, there are so many uncertainties going around. El Salvador remains to be genuine about their bitcoin journey though since they are the ones who first took the risk and made bitcoin legal tender anyway.

[CryptSafe]

Very funny of the IMF to keep intruding into the affairs of a nation, and I wonder what it would benefit them in all these stories they keep telling the world about countries that seek financial aid from them. I will never believe the IMF for once till an official statement is released from the government of El Salvador, as they alone can respond to this statement as released by the IMF.

As for the IMF, they should not expect a country to keep saying every move they have made towards achieving financial freedom and boast of its economy, not to mention when it involves bitcoin. Nobody can tell if they had chosen to buy and keep it a secret as a result of the rate at which hackers operate these days. There are things better kept a secret than attracting public attention. It is best that the IMF learns this and minds its business.

I agree.

IMF will and can tell everyone whatever they want, but before the official announcements - it's all buzz.. El Sal has their own ways of doing things, and IMF should remember that.

It's really a buzz, as we all know, but the buzz is just something that can be ignored. However, the buzz can also be seen as a kind of wailing from their end because they are losing grip of their strongholds that are beginning to get liberated from them. So they made a statement to make it look as if they meant well for the betterment of the nation.

Most times, statements like this cause problems in nations like for instance, we all know that the El Salvador president said they would be purchasing one bitcoin per day, and the other party, not knowing or having updates on such activities, would want to make noise about it, thinking they would succeed in inciting the people against the government, but the people are wise and would not fall for such because they already know who they are and what they are up to.

[Iranus]

Even if the accusation is true, why should the IMF make this finding public? The organisation would be protecting some nations, but they just want to discredit El Salvador and shame them before the committee of nations.

Don't always think bad about IMF or always think negative about them like that. Simply because if they are not open and transparent about everything, the investors and financial institutions that are providing $1.4 billion in loans to El Salvador will immediately stop disbursing.
It can be said that this is mandatory because it is a way to strengthen the confidence of financial institutions that El Salvador is complying with the terms of the loan program and to ensure that El Salvador will continue to receive subsequent disbursements.

[aylabadia05]

El Salvador probably wanted to keep their image as a bitcoin friendly country. Not only do they want to appear friendly to bitcoin, it seems like they want to be a country known for having a lot of bitcoin and possibly get investors in their country. I have seen some people doubt IMF's reports but what do you think? It makes sense if bitcoin has become El Salvador's political move.

It will be a long and ongoing battle between the two sides regarding Bitcoin.
Anything is possible, but trusting the IMF regarding Bitcoin is not that easy. The IMF is doing what it should do as an organization in maintaining the stability of the global financial system, and El Salvador as a country is also doing what it should do, and as far as I know, they have not hurt anyone with Bitcoin legal tender.

Political move? Politics is the art of achieving a goal. If El Salvador's goal with Bitcoin is to achieve its objectives, then I have no issue with it.

[Rikafip]

Maybe Bukele started buying bitcoin directly, peer to peer and secretly behind IMF back? 

Joke aside, I wouldn't be surprised if he is lying about recent purchases as he is politican after all and that's what they do. And even if he is lying, I don't see it affecting absolutely anything.