Transfer 365 of the Central Reserve Bank of El Salvador strengthens financial inclusion and allows operations of more than $120,000 for businesses

The government of President Nayib Bukele, through the head of the Central Reserve Bank (BCR), Douglas Rodríguez, launched the Transfer365 Mobile and Transfer365 Business online payment systems. Seguir leyendo Transfer 365 of the Central Reserve Bank of El Salvador strengthens financial inclusion and allows operations of more than $120,000 for businesses

Early bond buybacks could save El Salvador between $100M and $150M

The Minister of Finance, Alejandro Zelaya, stated that the 2023 bonds rose around 80% last Tuesday, after President Nayib Bukele’s announcement, while the 2025 bonds rose 51%. The trend continued this Wednesday, and just around 11 in the morning, the price of the 2023 bond increased by 87% and that of the 2025 bond by 48%. Seguir leyendo Early bond buybacks could save El Salvador between $100M and $150M

The Financial Commission will propose regulation of commission collection for use of POS in businesses

The fifth act of financial justice that will be promoted will be to regulate the charging of commissions for the use of credit or debit card readers (POS, Point of Sale, for its acronym in English) that banks make to each commercial establishment. Seguir leyendo The Financial Commission will propose regulation of commission collection for use of POS in businesses

El Salvador was chosen as the host country to address global financial inclusion issues

The government of President Nayib Bukele generates all the conditions to guarantee legal security and economic stability, as well as development in the country.

In this context, in El Salvador, the event «Digital Financial Services and Financing of SMEs» is held, which hosts 44 countries attached to the Alliance for Financial Inclusion (AFI, for its acronym in English), which will discuss for four thematic days on financial inclusion, digital economy, bankarization, as well as bitcoin in El Salvador, and other related topics.
Seguir leyendo El Salvador was chosen as the host country to address global financial inclusion issues

El Salvador’s default risk is zero

This morning, the Minister of Finance, Alejandro Zelaya, presented two notices to the Attorney General of the Republic for alleged crimes against the treasury, as part of the Anti-Evasion Plan, launched in October 2019. During his stay in the place, he explained that El Salvador’s risk of default is zero.

The Minister assured that he has repeatedly talked with all the interested parties about El Salvador’s capacity to always fulfill its commitments. An example of accountability that characterizes the government of President Nayib Bukele. Seguir leyendo El Salvador’s default risk is zero

El Salvador officially becomes a full member of the Development Bank of Latin America

On this day, the Extraordinary Assembly of Shareholders of the Development Bank of Latin America approved the incorporation of the country as a full member, making us the first State to join directly.

The accession of El Salvador takes place within the framework of the meetings of the Board of Directors and the Assembly of Shareholders of the Development Bank of Latin America, held in Asunción, Paraguay, with the aim of defining strategies and analyzing operations for the benefit of Latin America, from the view of the organism. Seguir leyendo El Salvador officially becomes a full member of the Development Bank of Latin America

President Nayib Bukele will send the first 10 legal reforms to accelerate business and attract international investment

The President of the Republic, Nayib Bukele, assured this Sunday night that next week he will send to the Legislative Assembly a first package of 10 legal reforms to speed up business and attract foreign investment. These will be the first of a total of 52 that the president announced last February.

President Bukele’s announcement came as a response to a tweet from an international bitcoiner who inquired about how the process of the 52 reforms announced by the president was progressing. When asked, Bukele assured that next week the first 10 will be sent for discussion and approval in the Legislative Assembly. Seguir leyendo President Nayib Bukele will send the first 10 legal reforms to accelerate business and attract international investment