Business and Economy
The Inflation Rate in El Salvador for 2024 Is 0.77, the Lowest in Three Years
As of March 2024, the inflation rate in El Salvador, reported by the Central Reserve Bank (BCR), is 0.77%, representing the lowest rate recorded since January 2021. Today’s inflation rate in El Salvador is -0.03 or 3.75% lower than the 0.80% it closed the previous month. The Salvadoran inflation rate … Read more
El Salvador Bitcoins: A Nation’s Journey into Digital Currency
El Salvador continues investing in Bitcoin. As of April 1, 2024, El Salvador possesses 5,706.75 Bitcoins, valued at $397,886,081 US dollars, equivalent to $69,722.00 per Bitcoin. President Nayib Bukele’s unprecedented decision to make Bitcoin a legal tender in El Salvador in 2021, has sparked intense discussions globally, reshaping perceptions of … Read more
El Salvador’s Exports Dropped by $617.02 Million in 2023, the Worst Decline Since 2020
According to the Salvadoran Reserve Bank (BCR), El Salvador’s exports in 2023 were $6,498.09 million, a drop of 8.67% or $617.2 million less than the $7,115.11 it exported in 2022. Except for a growth spike in February, the country’s exports consistently posted negative numbers throughout the rest of the year. … Read more
El Salvador’s Airport of the Pacific: Prospects and Challenges of the New Airport in El Salvador
The Airport of the Pacific is El Salvador’s new airport set to be built in Conchagua, la Union, in the eastern part of El Salvador, near the Gulf of Fonseca. The new airport in El Salvador started as a campaign promise of President Nayib Bukele to the people of Eastern … Read more
Legal Currency of El Salvador. What Currency Does El Salvador Use?
The legal currencies of El Salvador are the United States dollar, the Bitcoin cryptocurrency, and the Salvadoran Peso or Colon. The currency El Salvador uses the most is the US dollar. It is followed by the Bitcoin cryptocurrency. Since September 2021, El Salvador has had three legal currencies (Colon, US … Read more
Salvadoran Congress approves agreement between Google and El Salvador
With 65 votes, the Salvadoran Congress approved an agreement between Google and El Salvador to establish operations in the country, which will help digital transformation and modernize government services. The approving vote transpired at the September 6 legislative plenary session. The implementation of the strategic alliance with Google will allow … Read more
The Cargo Ferry Between El Salvador and Costa Rica to Begin Operations on August 10
The cargo ferry between El Salvador and Costa Rica will start operating on August 10, 2023. The ferry will have two departures, Monday and Thursday, from La Union Port in El Salvador to Caldera Port in Costa Rica. Blue Wave Corporation indicated that a third weekly trip could be added … Read more
