Official announcements from the El Salvador government or credible financial news outlets

El Salvador Buys 1 Bitcoin Daily to Counter IMF Neocolonialism

Oct 4, 2024, 03:33 PM

El Salvador has initiated a policy of purchasing one Bitcoin every day, a move described by Christine Lagarde as an attempt to 'escape' the IMF's neocolonialism. This strategy is part of President Nayib Bukele's broader effort to transition the country towards an asset-based currency system, which he believes is crucial for humanity. Critics argue that the IMF's agenda is to protect the global debt-based currency system and that Bitcoin poses a significant threat to this model. The IMF explicitly forbids its members from using gold as currency.