President Nayib Bukele has promoted the cryptocurrency as a path to financial freedom, but economic experts and many Salvadorans worry the move brings great risks.
Tag: Bukele, Nayib
El Salvador Becomes First Nation to Make Bitcoin Legal Tender
The digital currency can be used in any transaction and most businesses will have to accept payment in Bitcoin. The U.S. dollar will continue to be El Salvador’s main currency.
After El Salvador Election, Bukele Is on Verge of Near-Total Control
The party of President Nayib Bukele is set to take a sweeping majority in El Salvador’s Congress, giving the populist leader broad new powers.
Bukele, Combative but Popular, May Tighten Grip in El Salvador Elections
Nayib Bukele, who has drawn criticism abroad for his strongman displays, is expected to expand his mandate in legislative elections that could deliver his party a decisive victory.
El Salvador Supreme Court Orders State of Emergency Suspended
The court’s decision came after President Nayib Bukele’s administration was criticized for an overly stringent quarantine and for showing authoritarian tendencies.
Young Leader Vowed Change in El Salvador but Wields Same Heavy Hand
Elected as a transformative leader who would propel the country forward, Nayib Bukele is now reminding critics of the country’s past autocrats, with his reliance on the military.
Trump Attracts Central American Support for Hard-Line Migration Policies
The Salvadoran president, Nayib Bukele, has courted the White House. And on Wednesday, Honduras signed an agreement to help thwart asylum seekers from entering the United States.
Salvadoran Woman Charged With Homicide After Stillbirth Is Cleared
The decision in the case of Evelyn Hernández Cruz was hailed as a victory by women’s rights groups, which say a strict abortion ban has led to overzealous prosecution of women who lose their babies.
‘It Is Our Fault’: El Salvador’s President Takes Blame for Migrant Deaths in Rio Grande
“People don’t flee their homes because they want to,” said President Nayib Bukele of El Salvador, referring to Óscar Alberto Martínez Ramírez and his daughter, who died in the Rio Grande.