🇸🇻 President Nayib Bukele of El Salvador has secured a $1.4 billion credit facility from the IMF to boost the country's economy. This agreement aims to address balance of payment needs and support economic reforms, potentially unlocking $3.5 billion in total aid from various institutions over 40 months. However, to finalize the deal, El Salvador must reduce bitcoin's role in its economy, making its acceptance voluntary and scaling back public institutions' involvement with crypto. The IMF emphasizes the need for transparency and regulation to ensure financial stability. A significant shift in Bukele's crypto strategy is on the horizon!