The Limited Times

Now you can see non-English news...

Country of bitcoin, El Salvador snubs financial agency Moody's

2022-01-19T17:14:39.457Z


Four months after the recognition of the cryptocurrency, the country and its president chain the escapades.


Tweets, false information, cryptocurrency and an “anti-system” president.

The episode mixes ingredients of our time.

On Monday, the president of El Salvador, this small Central American country, the only one to date to have recognized bitcoin as a legal currency, sharply attacked the financial rating agency Moody's on Twitter.

To discover

  • In terms of heritage, bitcoin raises many questions

Nayib Bukele reacted to the degradation of El Salvador by the financial agency Moody's.

The young head of state, using an English acronym that makes Emmanuel Macron's

"annoyance" look

like kindness, tweeted that he didn't care.

Incidentally, Moody's has not recently downgraded El Salvador's rating;

a financial news site claimed it by mistake.

Foster financial inclusion

On the other hand, a Moody's analyst did tell Bloomberg last week that the Salvadorian state's purchase of a bitcoin reserve was weakening its financial situation.

The financial agency had certainly downgraded El Salvador, but in July, giving it the rating…

This article is for subscribers only.

You have 70% left to discover.

Cultivating your freedom is cultivating your curiosity.

Keep reading your article for 1€ the first month

I ENJOY IT

Already subscribed?

Login

Source: lefigaro

All news articles on 2022-01-19

You may like

News/Politics 2024-03-24T22:33:50.003Z

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.