Al Salvador adds 19 Bitcoin, where the International Monetary Fund returns to the adoption of BTC

Bitcoin’s dreams in El Salvador will be present in a “confined” way as part of the arrangement of the EFF, which was approved on February 26 by the International Monetary Fund (IMF).

EFF ranking of 40 months to 40 months aims to address macroeconomic imbalances and enhance growth prospects with an immediate exchange of $ 113 million-but seeks to reduce Bitcoin plans in the country.

El Salvador held more than 6,081 BTC, at a value of about $ 600 million, as of February 24 in a Bitcoin Management Agency. The International Monetary Fund prohibited the volunteer accumulation of Bitcoin by the public sector during the program.

As such, the President of El Salvador Nayeb, a Bokil, stirred the bitcoin late on Monday, adding 19 BTC to the country’s cabinets, where the assets decreased less than $ 90,000.

https://x.com/nayibbukele/status/1896745753521148308

The International Monetary Fund said that the use of bitcoin is still marginal in El Salvador, with minimal blood circulation as a method of payment due to high price fluctuations and low public confidence. The financial sector has no bitcoin, and tax payments in Bitcoin, which will be banned soon, were minimal.

The pre -procedure for EFF approval was to modify the Bitcoin Law, which makes its acceptance volunteer for private entities and remove the legal bid.

EFF aims to improve the basic balance by 3.5 % over a period of three years, starting with the wage bill cuts and maintaining social spending. Growth is expected to be from 2.5 % to 3 % in the medium term, with the support of security gains and repairs, while debts are expected to decrease to 81 % of GDP by 2029, with a decrease in total financing needs.

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