The International Monetary Fund states that El Salvador is making “efforts” to stop the bitcoin purchases with a payment deal of $ 120 million.

The International Monetary Fund said that it had reached an agreement with El Salvador to pay the country $ 120 million after a preliminary review of the $ 1.4 billion loan agreement that was submitted last year.

International Monetary Fund He said On May 27, as part of the deal, El Salvador will need to fulfill its previous obligations about reducing more government participation in Bitcoin (BTC) She will have to stop her participation in the Chivo portfolio by the end of July.

The global lender said: “On Bitcoin, efforts will continue to ensure that the total amount of bitcoin held in all government -owned portfolios is still unchanged.”

The planned payment, according to the approval of the Executive Board of the International Monetary Fund, is part of $ 1.4 billion, 40 months Loan In December, which saw El Salvador agree to limit Bitcoin’s ambitions.

On March 3, International Monetary Fund Repeat her position El Salvador should stop assembled bitcoin and not to follow other activities related to bitcoin.

Despite the request of the International Monetary Fund, the President of El Salvador, Nayeb Bokil, has I mentioned His government will do Continue to acquire BTC one per day as part of the Bitcoin Treasury Strategy in the country.

El Salvador challenges again IMF

Shortly after the International Monetary Fund announced on May 27, Bitcoin Office in El Salvador to publish To X that the country has again bought more bitcoin.

The official Bitcoin in the country Tracker He explains that El Salvador continues to buy bitcoin through Bitcoin office, which has accumulated 30 BTC in the past thirty days.

Currently, Bitcoin Reserve in El Salvador is 6,190.18 BTC.

Related to: How can Bukele still stack Bitcoin after the International Monetary Fund loan agreement?

Last week, Bukele moved to the social media platform X to Reveal The country’s bitcoin wardrobe sits in an unrealistic profit of $ 386 million, with a rate of 132 % on the total bitcoin investment.

” The country complies With the standards of the performance of the International Monetary Fund.

The author and government adviser and government adviser Andy suggested that the country could maintain artistic compliance by buying Bitcoin through NGOs.

magazine: Bitcoin Bears Eye $ 69, CZ denies rumors WLF ‘Fixer’