Business and Economy
El Salvador’s Exports and Imports and their Impact on the Country’s Economy
El Salvador’s exports and imports are crucial to the country’s economy. Trade relationships hold immense importance for a country’s economic growth and stability. The main exports of El Salvador are coffee, sugar, textiles, and maquila products. The country’s primary imports are for the manufacturing and maquila sectors, with other imports … Read more
Remittances to El Salvador Totaled $688.54 Million in October, up 5.03% Year to Date
According to the Central Reserve Bank of El Salvador (BCR), remittances to El Salvador reached a total of $6,742.18 million by the end of October 2023. This figure represents a 5.03% increase compared to the previous year, which is equivalent to $323.14 million more than in 2022. Monthly remittances to … Read more
El Salvador’s Basic Food Basket Cost Reaches $257.81 in Urban Areas
El Salvador’s basic food basket cost per family is $257.81 for the urban sector and $193.48 for rural areas. The Salvadoran essential food basket cost in urban areas is about 25% more expensive than in the rural sector. One of the principal worries Salvadorans have in 2023 is the high … Read more
Gisela Sanchez, elected new president of the Central American Bank for Economic Integration (CABEI)
The Central American Bank for Economic Integration (CABEI) Assembly of Governors elected Costa Rican Ana Gisela Sanchez as the institution’s new president. Gisela Sanchez was elected this Friday, November 17, becoming the first woman president of CABEI. Her election ended a Honduran dynasty at the head of the principal financial … Read more
El Salvador Bitcoins: A Nation’s Journey into Digital Currency
El Salvador Bitcoins mark a historic chapter in the world of finance, as El Salvador became the first country to adopt Bitcoin as legal tender in September 2021. This unprecedented decision by President Nayib Bukele has sparked intense discussions globally, reshaping perceptions of cryptocurrency and its potential implications on the … Read more
