El Salvador’s dollar debt dives on Bitcoin bond plans By
© Reuters
El Salvador’s dollar-denominated bonds have fallen to an all-time low as the Central American nation’s debt started trading in “distressed territory” this week.
El Salvador’s United States dollar bonds fell to $0.644 on Monday, Nov. 22, following the weekend news that the Central American country would use (BTC) bonds to fund its Bitcoin City initiative. Dollar bonds have fallen steadily since April 2021 when they topped $1.10 according to Bloomberg data.
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