The report states that the public statements of President Salvador Nayba Buyle about daily purchases and the accumulation of flagship cryptocurrency on the country’s balance sheet are not true. The recent supposedly growth of Bitcoin reserves of Salvador was a formal reflection of the BTC movement and consolidation between state cryptocurrencies, and not a consequence of new purchases. These movements created the illusion of purchases, but did not reflect the real market activity of the state.
“The total volume of bitcoins at the disposal of the public sector Salvador has remained unchanged since the approval of the credit and investment program,” the IMF said.
The Director of the Department of Financial Affairs of the IMF Rodrigo Valdes confirmed that the Salvador government fully fulfills the financial obligations, deprived Bitcoin of the status of a single legal means of payment, and also does not use state resources for its further acquisition.
The official added that the relevant data were provided by the IMF signed by the head of the Central Bank of Salvador Douglas Pablo Rodrigueza Fuentesa and the Minister of Finance Kherson Rogelio Posada Molin.
Earlier, President of Salvadora Nayb Bookel said that Salvador will continue to adhere to the strategy of the treasury purchase and accumulation of bitcoins, despite the prohibitions, condemnation and pressure from global financial institutions.
Source: Bits
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