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0 sats \ 2 replies \ @okpj 2 Nov 2023 \ on: President of El Salvador accused of embezzling money to promote Bitcoin bitcoin
@Fsociety accused of posting statements without context or source
How can the leader of a country embezzle money? Who is his employer?
Who is doing the accusing? Is it… a central bank?
“The documents show that the government diverted most of the staff to finance its own needs, allocating US$425 million to ‘general State obligations’”, points out La Prensa, which helped with the investigations. “Of this amount, more than US$200 million was allocated to a pet project of El Salvador’s authoritarian leader, Bukele: transforming Bitcoin into the national currency.”
“It basically says that there is an agreement in El Salvador that no BCIE money could be used to finance any Bitcoin activity. So no, we don’t finance this”, commented Dante Mossi, president of BCIE.
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So the accuser is a central bank.
Is the BCIE Bukeles employer?
Does Bukele have the right to decide the best way to use government money in El Salvador?
El Salvador only has $80 million dollars worth of bitcoin. How does the BCIE prove El Salvador’s 2,381 bitcoins came from embezzlement?
Sounds like an IMF/World Bank hit piece.
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