Nayib Bukele tweeted to criticize “traditional foreign media” for failing to report on his country's bond compliance.
“Last year, almost every international news outlet reported that because of our bitcoin bet, El Salvador would default on its debt by January 2023.. But we just paid $800 million in full plus interest.. However, of course, almost no one is covering this event,” Bukele wrote.
El Salvador Bond Repayment Follows Approval of Sale of $1B BTC-Collateraled Bonds. The funds raised will be used to replenish the country's cryptocurrency reserves and the development of Bitcoin City.
In the middle of last year, the leadership of the Ministry of Finance of El Salvador stated that the fall of the cryptocurrency market does not threaten the financial stability of the state.