El Salvador Current Affairs, GK & News

India-El Salvador: Third Foreign Office Consultations held

India and El Salvador held their Third Foreign Office Consultations in San Salvador on September 17, 2021. Highlights Indian side was led by Secretary (East), Riva Ganguly Das while and El Salvadoran side was led by Vice Minister of Foreign Affairs, Integration & Economic Promotion, Ambassador Adriana Maria Mira. During the consultations, both of them ..

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Cuba to recognise and regulate cryptocurrencies

On August 26, 2021 Government of Cuba announced to recognize and regulate cryptocurrencies for payment in the Island nation. Highlights This decision was taken following the popularity of cryptocurrencies increased among a technologically savvy group in Cuba as it became harder to use dollars. As per officials, Central Bank will set rules for such currencies. ..

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El Salvador: First country to formally adopt bitcoin as legal tender

El Salvador has become the first country to formally adopt bitcoin as legal tender.  Proposal to legalise cryptocurrency was put forward by President Nayib Bukele which was later approved by Congress. Highlights Even though there were concern regarding potential impact of legalising cryptocurrency on El Salvador’s program of $1 billion with International Monetary Fund, proposal was passed ..

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Nayib Bukele sworn-in as new president of El Salvador

Conservative businessman Nayib Bukele has been sworn-in as the new President of El Salvador. His presidency breaks three decades of bipartisanship between the conservative Nationalist Republican Alliance (ARENA) and the outgoing Farabundo Marti National Liberation Front (FMLN). Hence, Bukele is the first candidate to win the presidency since the end of the Salvadoran Civil War ..

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Trump cuts assistance to Honduras, El Salvador and Gautemala

The so called northern triangle countries Honduras, El Salvador and Gautemala will no more receieve assistance from the United States. The President said as the countries have done nothing to the US, their funds are being cut. These countries also provide many number of migrants to the US which also a reason for the cuts. ..

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