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Blame the Bitcoin Bond? El Salvador’s Dollar-Denominated Debt Slides

El Salvador’s bitcoin bond is a contributing factor to a slide in its dollar-denominated debt, but not the sole reason.

Updated May 11, 2023, 6:43 p.m. Published Dec 7, 2021, 9:40 a.m.
Salvador's dollar-denominated debt is trading in distressed territory. (Source: Borse Frankfurt)
Salvador's dollar-denominated debt is trading in distressed territory. (Source: Borse Frankfurt)