Quote from: JayJuanGee on Today at 04:45:01 PM

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Quote from: Nothingtodo on Today at 04:08:00 AM

Quote from: wavessurfing on April 27, 2025, 02:07:18 PM

i understand that IMF agrees with IMF, its all

The IMF's previous terms remain the same, but El Salvador's purchase of Bitcoin has been suspended for the time being. From the posts mentioned above, it is understood that the IMF will not provide a loan until the El Salvador government stops purchasing Bitcoin from its reserves. Strange decision.

But this is been rejected by Bukele https://www.cointribune.com/en/el-salvador-challenges-the-imf-and-continues-its-accumulation-of-bitcoin/

That condition asked by IMF is to much and its like they are saying that they want to control El Salvador. Its great that they have great leader like Bukele since he knows how to reject things that to much for them.

I admire their firm stand point and we can see that they are really for Bitcoin and IMF is just a bullshit controlling institution that wants to manipulate them.

From my understanding, the situation is a moving target, so it does not help to cite articles that are nearly 2 months old when talking about El Salvador's current position and/or their responses to recent IMF proclamations - and sure some of those proclamations are ambiguous in terms of what they expect El Salvador to do in term of their bitcoin acquisition or their bitcoin participation and/or promotion and what El Salvador is actually doing in regards to these bitcoin related participation, purchasing and/or promotion matters.

Even some folks close within some of Bukele's circles were not sure about the extent to which some of El Salvador's bitcoin related policies and practices were going to change based on new loan terms and the interpretation (and public pronouncements) of the parties about their interpretation of new loan terms... and even the loan itself, does not seem to be a one time thing, since it comes in installments, and so El Salvador could be considered (by the IMF) to be in compliance, or out of compliance at the time of one of the loan installments, yet if at some point down the road, then IMF might consider El Salvador to be "out of compliance" and then at that point, they have a dispute about the loan, and perhaps El Salvador will consider the IMF to be out of compliance by their holding back of the distribution of the next loan installments.

With bitcoin investment pattern in which El-Salvador has been doing for quite some time, it only requires them more time to be able to emerge out of any form of attempts to reconsider going back to IMF for loan, because with bitcoin investment, they can gradually solve all their debts and make a repayment over time, which is what they have always stood on and i don't want them to have a shift on ground about this, IMF may be giving divers directives and advise as against the investment decision they are taking over bitcoin to buy, hold and accumulate bitcoin, but i can vividly say this that they are placing a hold on this not because of the warning from IMF, but to strategize themselves before continuing.