El Salvador’s dollar debt dives on Bitcoin bond plans -Breaking
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© 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 USD bonds fell to 64.4 cents to the dollar on Monday, Nov. 22, following the weekend news that the Central American country would use (BTC() bonds in order to finance its Bitcoin City initiative. According to Bloomberg, dollar bonds fell steadily from April 2021, when the reached $1.10 Bloomberg data.
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