On May 27, the International Monetary Fund (IMF) announced that he would continue to work to ensure that the number of bitcoins on all state wallets of Salvador remains unchanged. This position contradicts the continuing support of the President Nayb, the book of an increase in the number of bitcoins in the country, writes RBC Crypto.
In March 2025, it became known that the IMF approved Salvador with a credit line of $ 1.4 billion, while other official creditors pledged to provide additional financial support for a total of about $ 3.5 billion. As part of this agreement, the country took over a number of obligations, including the refusal of voluntary accumulation of cryptocurrency, including the purchase and production of bitcoins to reduce the bit “Bitcoin risks.”
“As for the bitcoins, we will continue to make efforts that the total amount of bitcoins on all state wallets remains unchanged in accordance with the obligations under the program,” the IMF said in a report of May 27.
The IMF statement is due to the fact that the first verification of the fulfillment of the terms of the agreement on the financing of Salvador revealed the “successful implementation of the program at the first stage” and ended with the parties by the parties “Agreement at the personnel level”. Subject to the document approval by the Executive Council of the IMF, Salvador will receive almost $ 120 million.
Nevertheless, the authorities continue to buy about one bitcoin per day. The National Bitcoin Office of Salvadora (OnbTC) under President Naybe Bukla regularly publishes information about cryptocurrency procurement on social networks. So, according to the latest ONBTC post, on May 28, 6190 BTC (about $ 673 million) were on Salvador’s balance sheet. Since April 28, the wallet was replenished with 30 coins.
This contradiction is explained by the fact that the Salvador government suspended direct purchases of bitcoins, and the bitcoin office works outside the country’s financial sector and this legal distinction allows him to continue to make small daily purchases, without violating the requirements of the IMF, Decrypt writes.
Back in April, the director of the Department of the IMF for the Western Hemisphere Rodrigo Waldes confirmed that Salvador complies with the obligation to non -accumulation of bitcoins as a whole in the financial sector, which serves as a criterion for effectiveness.
However, the booklet openly repeats that Salvador will continue to accumulate bitcoins, despite the terms of the credit agreement:
“It will stop in April. It will stop in June. It will stop in December. No, it will not stop. If this did not end when the whole world turned away from us and most of the “bitcoiners” abandoned us, then this will not stop now and will not stop in the future, ”the booklet wrote about 90 bitcoins ($ 9.6 million) in early March in early March.
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Source: Cryptocurrency
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