dinero_admin 
El Salvador experienced a notable increase in its international reserves during november 2024, reaching an increase of US$757 million. According to the Banco Central de Reserva (BCR), this increase represents the largest recorded since the months prior to the Covid-19 pandemic, marking a significant advance in the country’s economic stability.
With this growth, international reserves reached US$3.734 billion, the highest figure recorded since september 2020. This increase places El Salvador only US$203 million away from reaching the levels of international reserves it had before the onset of the pandemic. This performance reflects a solid and sustained recovery compared to other recent periods.
Furthermore, this achievement distinguishes El Salvador as the only country in Central America that has shown a recovery so close to pre-pandemic levels in terms of international reserves. While other nations in the region still face significant challenges in this area, El Salvador demonstrates important progress in rebuilding its economy.
The improvement in reserves could be linked to factors such as an increase in remittances, better export performance or more efficient fiscal management. These aspects have contributed to strengthening the country’s economic capacities and consolidating its financial position in a still uncertain international context.
Against this backdrop, El Salvador faces the possibility of closing the year 2024 with a level of international reserves that not only improves its capacity to face external shocks, but also strengthens the confidence of national and international investors. This marks a positive turning point in its economic and financial strategy.
