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You guys understand, that El Salvador wants $1.3 billion in funding from the IMF, and that the IMF isn't just randomly asking them to drop BTC as a currency, right?

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by COINS NEWS 178 Views

Two posts are on the front page right now: "El Salvador angrily rejects IMF call to drop Bitcoin use" and El Salvador Treasury Minister Alejandro Zelaya angrily rejects IMF demand to drop Bitcoin as legal tender, “We are a sovereign nation. No international organization is going to make us do anything, anything at all!"

You guys understand that the IMF isn't just randomly going around demanding stuff, right? Most replies don't seem to understand that. El Salvador has tried to get $1.3 billion in funding from them for almost a year now. That's a ton of money. And sure, edglord Bukele and his corrupt, idiotic government can keep their stance that nobody can "make them" do anything - but nobody is trying to force them to do anything. It's more of a "yeah we won't give you money as long as you are gambling with your economy in an irresponsible manner". Which is a completely reasonable attitude. Why would they just give money to them without conditions?

El Salvador doesn't hold any power here. They're an irrelevant, tiny economy, the IMF couldn't care less about them. If they want money, they'll have to comply. Or the dictator once again makes a stupid decision for his country...

submitted by /u/mic_droo
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