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El Salvador's bitcoin experiment rides on choppy seas as currency fluctuates
28 Apr 2023 00:20 GMT
… of the cryptocurrency, and El Salvador became the first country … 2001, dumping the national currency, the colón.
"They told us … that has enthusiastically embraced El Salvador’s bitcoin experiment is … to be places like El Salvador that will drive bitcoin …
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Miss Universe 2023: El Salvador contestant walks the ramp in Bitcoin-inspired costume
14 Jan 2023 08:03 GMT
… was carrying a huge colón coin on her back … , which El Salvador recognized as legal tender in 2021, and Colón, the … country's previous currency.
While sharing … “This look represents El Salvador’s history of currency,” said the Miss …
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Bizarre moment Miss El Salvador appears on stage dressed as a giant Bitcoin
14 Jan 2023 02:44 GMT
El Salvador's Miss Universe contestant … the country's 'currency history'.
“Cocoa was used … a long time, then the colón until it was replaced by … Guajardo walked down the runway.
El Salvador was the first country in …
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Miss El Salvador dons golden bitcoin outfit at beauty pageant
13 Jan 2023 23:12 GMT
… Alejandra Guajardo, Miss Universe El Salvador 2022 poses on stage … Miss Universe contestant from El Salvador strutted onto stage this … beans.
The colon was the local currency for about a … being introduced as an official currency.
Reporting by Isabel Woodford …
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El Salvador's bitcoin experiment: $60 million lost, $375 million spent, little to show so far
13 Oct 2022 19:19 GMT
… facilitate national adoption, El Salvador launched a virtual wallet … Laura Andrade, director of El Salvador's Universidad … finances. El Salvador ditched its local currency, the colon, in … volcano in southeastern El Salvador. The bitcoin-funded …
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El Salvador bitcoin experiment not saving country’s finances
25 Jun 2022 13:15 GMT
… plan.
Meanwhile, El Salvador’s economic growth … analysts warn that El Salvador’s Eurobonds have entered … applied research projects for El Salvador, Venezuela, and Honduras … El Salvador dollarized in 2001, meaning that it ditched its local currency, the colón …
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El Salvador Faces Turmoil as Bitcoin Value Plunges
15 Jun 2022 20:51 GMT
… Bukele's tweets.
El Salvador has several obstacles, including large … more financing. Fitch lowered El Salvador's rating to … by El Salvador's government to adopt a second national currency … when it replaced its currency, the colón, with the U.S …
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Why the IMF is wrong about El Salvador’s Bitcoin experiment
09 Jun 2022 10:15 GMT
… everywhere in between, El Salvador’s adoption of … colón against the dollar, El Salvador made the U.S. dollar its official currency … spending. If alternatively, El Salvador were operating as … infrastructure investment. Moreover, El Salvador’s unenviable fiscal …
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Dollar influence on Latin American economy
19 Sep 2023 22:59 GMT
… Panama, El Salvador, and Ecuador have adopted the US currency for … cannot adequately manage the currency, citizens begin to … into dollars, and the Salvadoran colon was withdrawn.
According to … the decision.”
However, for El Salvador and Honduras, the “greatest …
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'In El Salvador, the bitcoin dream is fading'
20 May 2022 09:26 GMT
… political capital. El Salvador has justified adopting this currency by the … topic Bitcoin becomes official currency in the Central … In the case of El Salvador, it also symbolizes emancipation … local currency, the colon, 20 years ago. By making El Salvador the …