A report by FUNDE, an investigative organization in El Salvador, has highlighted that the Salvadoran economy will grow less this year due to a decrease in public investment in infrastructure. Additionally, FUNDE claimed that the purchasing power of Salvadorans is being affected by rising inflation, which is one of the highest among dollarized economies. FUNDE […]
Trump’s Claims About El Salvador and President Bukele Debunked
Former U.S. President Donald Trump stated that El Salvador’s 70% drop in murders was due to criminals being sent to the U.S. However, PBS fact-checked and found this claim false, attributing the decline to Salvadoran President Nayib Bukele’s anti-crime measures. El Salvador’s prison population has surged, contradicting Trump’s statement. Notable bitcoin proponents like Max Keiser […]
Latam Insights Encore: Bukele Pushes Controversial Substitution of National Products Policy To Fight Inflation, Offers Free Coffee on Top
Welcome To Latam Insights Encore, a deep view of Latin America’s most relevant economic and cryptocurrency-based news last week. In this edition, we discuss the import duties exemption measure President Nayib Bukele pushed for and passed in Congress and its possible effects on El Salvador. Bukele Passes Import Duties Exemption Bill for a Decade in […]
Latam Insights: Bukele Slashes Import Duties in El Salvador, Argentina Enacts Crypto Tax Normalization
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: President Nayib Bukele eliminated import taxes for basic products for a decade in El Salvador, Argentina defined rules for regularizing cryptocurrency assets, and OFAC sanctioned the Venezuelan gang Tren de Aragua. President Bukele […]
President Bukele Eliminates Basic Food Products’ Import Duties for a Decade In El Salvador
President Nayib Bukele has announced a new measure in his battle against speculation and price gouging in El Salvador, eliminating import duties for certain basic foods and supplies for a decade. While some of these products did not pay duties due to a previously approved bill, critics argue that this will exacerbate reliance on imports, […]