• Contact
  • Jobs
Monday, June 16, 2025
  • Login
No Result
View All Result
Diplomatic Watch
  • About Us
    • Editorial
    • Opinion
    • Interview
    • Contact
  • Diplomacy
    • Appointments
  • Economy
  • Regions
    • Africa
    • Americas
    • Asia
    • Europe
    • Oceania
  • Business
  • Politics & Policy
  • Opinion
  • Events
  • News Update
    • Fashion & Lifestyle
    • Health
    • Sports
    • Technology
  • About Us
    • Editorial
    • Opinion
    • Interview
    • Contact
  • Diplomacy
    • Appointments
  • Economy
  • Regions
    • Africa
    • Americas
    • Asia
    • Europe
    • Oceania
  • Business
  • Politics & Policy
  • Opinion
  • Events
  • News Update
    • Fashion & Lifestyle
    • Health
    • Sports
    • Technology
No Result
View All Result
Diplomatic Watch
No Result
View All Result
Home Economy

President Nayib Bukele Announces El Salvador’s Financial Independence: No More External Debt for Budget Financing

Seun Okewoye by Seun Okewoye
September 17, 2024
Reading Time: 2 mins read
0
President Nayib Bukele Announces El Salvador’s Financial Independence: No More External Debt for Budget Financing
Share on FacebookShare on Twitter

El Salvador’s President Nayib Bukele has announced that the country will no longer rely on external debt to finance its upcoming national budget. Prez Bukele has been vocal about the importance of cryptocurrencies especially Bitcoins to create a strong, indigenous national reserve.

Source: Twitter

The news was confirmed by Stacy Herbert, the Director of National Bitcoin Office under El Salvador President Bukele.

In a recent interview with Time magazine on August 29, Bukele also reflected on El Salvador’s groundbreaking decision to make Bitcoin a legal currency in 2021. He admitted that while the move was innovative, it hasn’t achieved the widespread popularity he initially hoped for.

ALSO READ

Uzbekistan, U.S. Business Forum 2025: Driving Investment & Trade in Tashkent

Uzbekistan, U.S. Business Forum 2025: Driving Investment & Trade in Tashkent

June 16, 2025
Tashkent Becomes Global Business Hub as Investment Forum Draws Record Deals

Tashkent Becomes Global Business Hub as Investment Forum Draws Record Deals

June 15, 2025

“A lot more could definitely be done. Bitcoin hasn’t had the widespread adoption we expected,” Bukele said, acknowledging the challenges while remaining optimistic.

El Salvador’s decision to embrace Bitcoin as official currency drew global attention, particularly from the cryptocurrency community. Though results have been mixed, Bukele remains committed to his vision of financial independence and growth.

With the elimination of external debt reliance and continued support for Bitcoin, El Salvador is on a bold path toward greater economic freedom. The country’s leadership is focused on reducing dependency on outside financing while shaping a future that embraces new technology.

ADVERTISEMENT
Tags: El Salvador
Seun Okewoye

Seun Okewoye

Seun is a website developer, a financial market analyst, trader and fund manager

Related Posts

Uzbekistan, U.S. Business Forum 2025: Driving Investment & Trade in Tashkent
Americas

Uzbekistan, U.S. Business Forum 2025: Driving Investment & Trade in Tashkent

June 16, 2025
Tashkent Becomes Global Business Hub as Investment Forum Draws Record Deals
Asia

Tashkent Becomes Global Business Hub as Investment Forum Draws Record Deals

June 15, 2025

Women In Diplomacy Event

Diplomatic Watch Youtube

https://www.youtube.com/watch?v=XsPKAllVewE

Subscribe To Newsletter

Young Diplomats Forum

Young Diplomats Forum
ADVERTISEMENT

About us

Diplomatic Watch Magazine is a premium publication that covers news, analysis, and opinion on global diplomacy, international relations, and foreign policy.

Category

  • Business & Investment (137)
  • Culture & Tourism (133)
  • Diplomacy (1,091)
    • Appointments (35)
  • Economy (96)
  • Editorial (3)
  • Events (201)
  • Interview (55)
  • News Update (311)
    • Fashion & Lifestyle (15)
      • Look Your Best With Jane Pennewell (7)
    • Health (12)
    • Sports (21)
    • Technology (54)
  • Opinion (46)
  • Photo Gallery (10)
  • Politics & Policy (86)
  • Regions (258)
    • Africa (51)
    • Americas (58)
    • Asia (96)
    • Europe (86)
    • Middle East (28)
    • Oceania (23)

Contact Us

Diplomatic Watch HQ

  • – 1218 16th St NW, (5th Floor) Washington, DC 20036, USA
  • – Maryland
  • – Lagos
  • – Abuja

Contact Information

  • Tel: +12407979135
  • Email: info@diplomaticwatch.com
  • About Us
  • Careers
  • Contact

© 2024 Diplomatic Watch Magazine - All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • About Us
    • Editorial
    • Opinion
    • Interview
    • Contact
  • Diplomacy
    • Appointments
  • Economy
  • Regions
    • Africa
    • Americas
    • Asia
    • Europe
    • Oceania
  • Business
  • Politics & Policy
  • Opinion
  • Events
  • News Update
    • Fashion & Lifestyle
    • Health
    • Sports
    • Technology