LatinNews Daily - 18 November 2025

*El Salvador has boosted its reserves of cryptocurrency bitcoin, adding 1,091 bitcoin (worth US$100.5m) in the last 24 hours according to the government’s bitcoin office. This brings its total reserves to 7,474.37 bitcoin (US$683.0m). The government led by authoritarian President Nayib Bukele, which made bitcoin legal tender in September 2021, has bought one bitcoin every day since November 2022, and hosted a two-day bitcoin conference from 12-13 November. The government’s bitcoin policy however has strained relations with international financial institutions such as the International Monetary Fund (IMF). In February the IMF signed off on a US$1.4bn 40-month extended arrangement under the Extended Fund Facility (EFF) for El Salvador, after securing key concessions from the Bukele government regarding bitcoin – that it agreed to make bitcoin acceptance by the private sector voluntary, while “the public sector’s participation in bitcoin-related activities will be confined”.

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