Displaying items by tag: legal tender
Friday, 31 March 2023 14:57
US$50 and US$100 bills are legal tender in the country for use in commerce and institutions
The Banco Central de Reserva (BCR), explains to salvadorans that by decree of law all businesses and institutions must accept dollar bills of any denomination, including US$50 and US$100, for purchases or daily expenses.
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Economy
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Thursday, 27 January 2022 15:26
The IMF asks the Government of El Salvador to eliminate Bitcoin as legal tender
The International Monetary Fund (IMF), asked the Central Government to eliminate Bitcoin as legal tender in the country due to the "serious risks" it implies for the market and financial stability. The body also showed its concern about the issuance of bonds backed by the cryptocurrency.
Published in
Finances
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Saturday, 12 June 2021 01:46
What are the implications of the adoption of Bitcoin as legal tender and its relationship with taxes?
Recently, the Republic of El Salvador passed a law that allows the adoption of Bitcoin as legal tender and will be an authorized means of payment with which economic agents will be able to make purchases and payments for goods, and services.
Published in
Finances
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