President Nayib Bukele has lashed out at reports of defaults and announced that El Salvador has paid its $800 million debt in full.
El Salvador made one of the bravest decisions in the history of modern economics by adopting Bitcoin as a legal tender in 2021. The decision drew wide criticism from the agencies such as International Monetary Fund (IMF). The IMF even urged the North American country to drop Bitcoin as a legal tender citing risks to financial stability and consumer protection.
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