The President of El Salvador berates biased media

The President of El Salvador has struck again at legacy media and advised the world his nation was in a position to meet its monetary obligations.

El Salvador’s president Nayib Bukele criticized the biased disposition of legacy media retailers to the nation’s efforts in assembly all its monetary obligations and protecting to the fee date for the reimbursement of an $800 million greenback bond.

In accordance with Bukele, the crypto winter that led to the decline in bitcoin worth made media retailers predict debt defaults and monetary doldrums for El Salvador’s Economic system.

He identified that a few of these media retailers projected that due to its bitcoin losses, his authorities would want the assistance of the IMF to make the $800 million bond fee.

In accordance with Bukele, the nation has made full funds with out exterior support. He was shocked and infuriated by the silence from the identical media retailers who had predicted difficulties earlier. 

Recall that El Salvador 2021 grew to become a cynosure of native and international monetary our bodies after it grew to become the primary nation to make bitcoin authorized tender. 

Nayib Bukele has been on the forefront of selling bitcoin, claiming that it may possibly clear up financial challenges and entice funding to the Central American nation. 

On Dec. 27, El Salvador launched a bitcoin training program as a part of its ongoing adoption push. It’s anticipated to supply hundreds of scholars with an built-in crypto curriculum protecting complete data of bitcoin, double spending assaults, and the mechanisms of lightning networks. 

The nation is planning to construct a bitcoin metropolis, and its newest bond reimbursement association is supposed to supply $1 billion value of funds for the undertaking. 

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