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Approval Rating 87%, Nayib Bukele to Serve Another Five Years as President of El Salvador
Bitcoin to Serve as Legal Tender for Another Five Years
Approval Rating 87%, Nayib Bukele to Serve Another Five Years as President of El Salvador
According to the media in El Salvador, shortly after the voting ended on February 4th, the results showed that Nayib Bukele was reelected as president with an overwhelming vote of 87.7%, breaking the record in El Salvador. Nayib Bukele became the first president to be reelected in the democratic era.
Previously reported, the Constitution of El Salvador prohibited presidential reelection, but the Constitutional Chamber of the Supreme Court, elected by allies of Bukele, ruled in 2021 to allow Bukele to run for reelection and ordered the Electoral Court to allow his reelection. The Salvadoran Congress also voted at the end of November last year to grant him a six-month leave to campaign.
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Bitcoin in El Salvador Finally Makes Profits! Nayib Bukele Violates the Constitution to Run for Reelection as President
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Nayib Bukele had already enjoyed high approval ratings in previous polls, and he tweeted that he won the presidential election with over 85% of the vote and the support of 58 out of 60 representatives in the parliament.
Bitcoin to Serve as Legal Tender for Another Five Years
Despite El Salvador facing negotiations for a $1.3 billion loan from the International Monetary Fund (IMF), and the IMF writing a special article on January 25th calling for El Salvador to cancel Bitcoin’s legal tender status to narrow the scope of Bitcoin law,
Vice President Felix Ulloa of El Salvador recently firmly stated to Reuters that Bitcoin will remain the country’s legal tender during Nayib Bukele’s second term.
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Ignoring IMF’s Warning, Vice President of El Salvador: Bitcoin to Serve as Legal Tender for at Least Another Five Years
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IMF
Nayib Bukele
Bitcoin
Legal Tender
Further Reading
Big Ideas 2023 | Bitcoin Best Allocation at 19.4%, Potential Target Price of $2.3 Million
Ignoring IMF’s Warning, Vice President of El Salvador: Bitcoin to Serve as Legal Tender for at Least Another Five Years