Despite the acceptance of Bitcoin, El Salvador paid back his $ 800 million bond
Despite the acceptance of Bitcoin, El Salvador paid back his $ 800 million bond
Nayib Bukele-the President of El Salvador-announced that the government had paid back its $ 800 million bond plus interest on the same day.
The bond is handled despite the pessimistic views that the nation is presented with financial challenges due to its Bitcoin forays.
"We just paid fully"
The political leader of El Salvador, who is one of the greatest supporters of Bitcoin, announced the news on Twitter and regretted that most international media had not spread the information. At the same time, they were among the first to doubt whether the country could repay the bond due on January 23.
Last year almost every older international news agency said that due to our "#bitcoin Wette ", El Salvador would be in arrears with his debts by January 2023 (since we had an 800 million bond that is due today).
literally hundreds of articles https://t.co/reik7k13u4
- nayib bukele (@nayibbukele) 24. January 2023
He expressly referred to the New York Times, the Preserver-Spaces = "True"> claims Data Preserver-Spaces = "True" in July last year, that El Salvador's decision, Bitcoin on macrootionic level To buy, harm his monetary network and prevent it from paying his debts. Bukele further explained that the bond was handled without a deal with the International Monetary Fund (IMF).
Changpeng Zhao (CZ)-CEO of the world's leading crypto exchange Binance-congratulated El Salvador to fulfill his financial obligations. also the finance minister of the state-Alejandro Zelaya confirmed The millions Deficit payment: "Unfortunately, due to the disinformation campaign of some national and international media, we announced that we have paid the payment of the bond of $ 800 million plus interest that day." reported the press office of the presidency told reuters recently 604.1 million US and interest Paid $ 23.4 million and carried out two more transactions in 2022. el Salvador legalized Bitcoin in September 2021, and his authorities also provided support during the ongoing bear market. El Salvador has also used the challenging macroeconomic situation as an opportunity to buy further amounts of the digital income value. The latest data shows that it holds 2,381 BTC, but the number could be higher since President Bukele praised that the government will buy a Bitcoin a day in mid-November. However, there is no information about whether the buying frenzy as promised. The nation is currently sitting on considerable paper losses due to the devaluation of the cryptocurrency market. El Salvador spent over $ 103 million over the years to accumulate his stock, which is now almost twice as much. . El Salvador: The land of Bitcoin