Business and Economy

2022 Survey on El Salvador’s financial inclusion

The Salvadoran Central Reserve Bank (BCR) presented the results of a survey regarding the financial inclusion of the Salvadoran population. The surveys asked Salvadorans about savings accounts, loans, insurance, having retirement or pension accounts, Cryptocurrencies, and using traditional or digital financial channels. Financial inclusion is a problem affecting the majority … Read more

Financial Inclusion, a problem that affects many Salvadorans and businesses

Financial Inclusion in El Salvador is a problem that affects over 70% of the population and most micro and small businesses, especially those that operate informally. Financial exclusion in El Salvador prevents many people and enterprises from accessing essential inexpensive financial products or services. Individuals who face this financial exclusion … Read more

How to make money in El Salvador? Three options to consider.

Three options available on how to make money in El Salvador are to get a high paying job, open your own business, or work from home as a freelancer. Making money in El Salvador or earning a living is not as easy as in other countries; nonetheless, options to make … Read more

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