A new IMF report reveals that El Salvador has not purchased any new Bitcoin in 2025, despite the government's claims of buying one Bitcoin per day. The increase in wallet balances was due to internal transfers between state-owned wallets, not actual market purchases. The government has pledged to fully exit the Chivo wallet system and dissolve the Fidebitcoin trust by the end of July 2025. The IMF confirms that El Salvador is complying with its fiscal commitments, but the discrepancy raises serious concerns about government transparency and credibility.

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https://www.imf.org/en/Publications/CR/Issues/2025/07/15/El-Salvador-2025-Article-IV-Consultation-First-Review-Under-the-Extended-Fund-Facility-and-568621?cid=em-COM-123-50448