The Central Reserve Bank of El Salvador acquired 13,999 troy ounces of gold worth $207.4 million, marking its first precious metals purchase since 1990 as the country diversifies international reserves amid a confirmed pause in Bitcoin accumulation.
According to BCR, the acquisition increased holdings from 44,106 to 58,105 troy ounces following International Monetary Fund guidance.
The gold purchase follows the IMF's confirmation that El Salvador halted Bitcoin acquisitions in February 2025, pausing President Nayib Bukele's aim of making daily purchases.
The fund's July review revealed no new state-backed Bitcoin buys despite on-chain movements attributed to internal wallet transfers rather than fresh acquisitions.
The Central Reserve Bank positioned the gold acquisition as a medium and long-term strategy for strengthening international reserves.
Gold represents approximately 20% of global central bank reserves worldwide, ranking second only to dollar-denominated holdings.
Various central banks purchased over 1,000 tons of gold annually during the past three years.
The transaction was made possible by the strengthened Central Reserve Bank assets under President Bukele's administration, which coincided with improved macroeconomic stability.
Gold serves as a universal strategic asset, helping ensure diversified and secure long-term reserves for the nation.
El Salvador continues to hold approximately 6,244 BTC, valued at $742 million, according to the Bitcoin Office.
The treasury remains profitable with 127% gains based on the average acquisition price of $46,000 per Bitcoin.
Earlier this year, Congress approved amendments eliminating mandatory Bitcoin acceptance for businesses in January 2025, passing legislation 55-2 just minutes after Bukele submitted the bill.
The reforms align with the $1.4 billion IMF loan agreement while maintaining Bitcoin's status as legal tender.
The IMF praised policy changes for reducing fiscal risk and improving transparency.
Bitcoin no longer receives mandatory treatment, with the fund pushing El Salvador to classify cryptocurrency as a financial asset rather than a currency.
Blockchain analysts have observed steady daily transfers of 1 BTC from exchanges like Binance and Bitfinex to government-linked addresses.
However, the IMF attributes these movements to technical accounting rather than official purchases.
Due to the recent reforms, the Chivo wallet, once promoted as a flagship adoption tool, will be privatized and removed from government oversight.