El Salvador is taking steps to stabilize its financial stability by purchasing $50 million in gold, marking a significant shift in its reserve strategy. This move, spearheaded by President Nayib Bukele and the Central Reserve Bank (BCR), aims to mitigate volatility associated with Bitcoin’s price fluctuations. The new acquisition increases El Salvador’s official gold reserves from 44,106 to 58,105 troy ounces, valued at an estimated $207 million. This marks the nation’s first gold purchase since 1990, and reflects a broader trend of diversifying assets in response to global economic uncertainties. The initiative underscores El Salvador’s commitment to balancing its national reserves – heavily reliant on Bitcoin since 2021 – with more traditional stable assets.