El Salvador Buying Back Debt Following Bitcoin Losses - BitcoinEthereumNews.com
Bitcoinअल साल्वाडोर बिटकॉइन घाटे के बाद ऋण वापस खरीद रहा है07 / 27 / 2022बिटकॉइन एथेरियम समाचार The value of the countrys junk-priced bonds increased by 10% to 40% following the buyback anouncement The buybacks will be financed partly by the IMF, which has criticized El Salvadors bitcoin investment अल सल्वाडोरन के राष्ट्रपति नायब बुकेलस once again wants to buy the dip — but instead of bitcoin, he‘s eyeing his own country’s bonds. The controversial leader tweeted Tuesday that he sent two bills to El Salvadors congress asking for authorization to take loans out and buy back sovereign debt bonds at market prices, which had गिरा up to 75% over the past year. Bukele‘s move aims to reduce the government’s debt positions as some speculate El Salvador is near default. एल साल्वाडोर recognizes bitcoin as legal tender, and Bukele made waves the past year tweeting about his ill-timed bitcoin purchases using El Salvadors sovereign wealth. बुकेले has overall purchased 2,381 BTC for $107.15 million and is down over 50% on his investments, according to nayibtracker.com. Nayib Bukele portfolio tracker | Source: Nayibtracker.com Moody‘s further downgraded the country’s debt rating in May, citing “bitcoin-related initiatives.” Bukele and his cabinet insist the proposed debt buybacks are not a result of financial