It recalled some of El Salvador’s bonds, which were allegedly unable to pay its debts, before maturity.
Nayib Bukele, President of El Salvador September 21 on in his statementEl Salvador 2023 and 2025 due in 1.6 billion He stated that some of the dollar government bonds were recalled.
According to official data from El Salvador 2023 futures bond 133 million of which 22.4% dollars and 2025 futures bond 54% 432 Called back millions of dollars.
In Bukele’s statements, El Salvador’s 8 weeks old to parliament to recall the rest of the bonds in a process. a new offer announced that they will present your buybacks market price Bukele pointed out that the buybacks will be made over the country. 275 million He claimed it saved him more than a dollar in damages.
Approximate treasury due to Bitcoin investments 60 million dollar damage International credit rating board on the decision of Bukele to recall the bonds Fitch, “This move will make the country’s weak economy even more fragile” had used the words.