Staff of Reuters 2 minutes Read this article (Corrects headline of June 30 story to remove reference to row, changes lead to make reference to negotiations) Reuters, SAN SALVADOR, June 30 – After El Salvador’s dramatic move to make bitcoin legal tender, a top US diplomat expressed hope that the government will complete negotiations with the International Monetary Fund (IMF) for a funding arrangement. El Salvador’s Congress has already accepted President Nayib Bukele’s plan to embrace bitcoin, making El Salvador the first country in the world to do so on Sept. 7. Last week, the IMF indicated that talks between its staff and El Salvador were still underway, and that it was concerned about the decision. As part of her tour to the region, US Undersecretary of State for Political Affairs Victoria Nuland met with Bukele on Wednesday. El Salvador’s law puts bitcoin on an equal standing with the dollar, which has been the country’s official currency for the past 20 years. The Central American country is negotiating a roughly $1 billion finance accord with the IMF. (San Salvador-based reporter Nelson Renteria contributed to this report.) Stefanie Eschenbacher wrote the piece, and Kim Coghill edited it.)/n
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