President of the Central Bank of El Salvador: Bitcoin adoption will not affect IMF's $ 1.3 billion loan deal

2021-10-23 18:36
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According to information from October 23, El Salvador is requesting a loan of $ 1.3 billion from the International Monetary Fund (IMF). Central Bank of El Salvador President Douglas Rodriguez believes El Salvador's adoption of Bitcoin will add "details" to talks with the IMF. Rodriguez said the following addresses potential issues the deal could lead to: “We believe there is no risk. The relationship with Bitcoin could be very rewarding. For all, including further inflation. We are public. The IMF says, "To us, Chibo and Bitcoin are payments. It just means that. “First, President Bukele asserted that more than a third of the population has started using Bitcoin as currency. This agreement with the IMF under El Salvador will open its doors to international trade in 2022. Declared critical for the Debt- The country suffered heavy losses, and talks were just as good before the IMF announced its assessment of El Salvador's finances next month (Zycrypto).

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2021-10-23 18:29