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 United States dollar bonds fell to $0.644 on Monday, Nov. 22, following the weekend news that the Central American country would use (BTCTo fund the Bitcoin City Initiative, he will issue a total of 3) bonds. Since April 2021, when they reached $1.10 per dollar according to Bloomberg, Dollar bonds have been falling steadily. Bloomberg data.
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