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El Salvador Makes Good on $800M Debt Despite ‘Bitcoin Bet’
El Salvador’s President, Nayib Bukele, said Monday his country has paid back $800 million on an external bond despite concerns last year the country would default due to its “bitcoin bet.” Investors holding the Eurobond have been paid out after the country completed its transfer of funds to international creditors, offering a rebuttal of sorts to criticisms levied at the president’s regime. “In the past year, almost every legacy international news outlet said that because of our ‘bitcoin bet,’ El Salvador was going to default on its debt by January 2023,” Bukele tweeted Monday. “Well, we just paid ... (full story)
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- Posted: Jan 24, 2023 10:58am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 73
