El Salvador Buys Gold to Balance IMF Pressure and Bitcoin Ideals
El Salvador has purchased $50 million worth of gold, marking its first such acquisition since 1990.
The Central Bank says the move diversifies reserves and aligns with President Bukele’s sound-money strategy, which mirrors bitcoin’s ethos of protecting against fiat devaluation. The purchase comes as gold trades near record highs, strengthening its role as a safe haven.The shift is also strategic under El Salvador’s $1.4 billion IMF credit facility, which restricts bitcoin accumulation.
By turning to gold, the country secures a hedge against currency volatility while staying within IMF limits, positioning itself alongside global central banks boosting gold reserves amid declining reliance on debt securities.
Clever Robot News Desk 13th September 2025
Related Article
