Concept

Opacity and lack of consensus

Due to concerns over El Salvador's adoption of bitcoin, many global investment ratings agencies downgraded their ranking of the country. The roll-out was accompanied by a noticeable worsening in governance, and rising tensions with the U.S. and the International Monetary Fund, at a time when the country was negotiating with the IMF on the subject of its debt.

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Updated 2021-11-04

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