Displaying items by tag: legal tender

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.

Published in Economy

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

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