Business and Economy


President of the Central Reserve Bank of El Salvador

Financial delegates from 44 countries meet in El Salvador to discuss financial inclusion


Financial delegations from 44 countries have met in San Salvador to discuss various financial inclusion policies. This is the 25th meeting of the digital financial services working group developed by the Salvadoran Central Reserve Bank (BCR) and the Alliance for Financial Inclusion. Also, the 18th meeting of the small and … Read more

El Salvador Bitcoins

How Many Bitcoins does El Salvador Own? El Salvador Bitcoin INFO


As of May 9, 2022, El Salvador owns 2,301 Bitcoins. El Salvador has invested about $101,713,360.00 on Bitcoin purchases; the average price of each Bitcoin is $44,204. On June 5th, 2021, Salvadoran President Nayib Bukele declared that Bitcoin would become a legal tender in El Salvador. A few days later, … Read more

International Monetary Fund

2021 International Monetary Fund Report on El Salvador’s Economy


The International Monetary Fund (IMF) reported this Monday, November 22nd, that it completed the review of Article IV regarding the economic behavior and outlook for El Salvador. The published report focused on El Salvador’s policies to secure inclusive growth, improve fiscal sustainability, ensure financial stability, and reinforce economic governance. The … Read more

IMF

El Salvador Needs Policy Changes to get IMF Financing – IMF Spokesman


Gerry Rice, IMF spokesman stated in a November 4, 2021, press conference that to get financing with the International Monetary Fund, El Salvador’s government needs to change some of its policies. Talks between the Salvadoran government and the International Monetary Fund (IMF) to seal a loan valued at 1.3 billion … Read more

Salvadoran Construction Company

El Salvador’s small business owners uncertain about Bitcoin


On Tuesday, June 8, Salvadoran Congress passed a new law making El Salvador the first country in the world to classify bitcoin as a legal currency. The lawmakers, with 62 out of 84 votes, approved President Nayib Bukele’s proposal to embrace cryptocurrency. The Salvadoran government believes Bitcoin will… Read More