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Federal Voting of February 13, 2022
Media aid, Tax on Timbre, Animal Experimentation and tobacco advertising at the polls on February 13.
Karen Hernández sells accessories for cell phones in San Salvador to customers who often pay Bitcoines.He assures that he has brought him many benefits and does not want them to remove cryptocurrency as the IMF claims, but not all are so enthusiastic in El Salvador.
"It has been a very, very beautiful experience and (the use of bitcóin) has increased us (sales), has led us to another level of commerce," said Hernández, 45, at AFP.
From Alegre Sow, Hernández owns a small articles store for cell phones in the Historic Center of San Salvador, where handmade stickers and signs announce: "We accept bitcóin" through the use of the Wallet goat.
The Wallet goat is the digital portfolio of the government created for Bitcóin transactions that has a legal course since September 7, 2021.
- "Education" for bitcóin -
Diario thousands of Salvadorans circulate on foot in the crowded streets of the capital, where restaurants, hardware stores, pharmacies and even many informal businesses announce that they accept payments in the cryptocurrency.
Located in an old capital building is Elizabeth Arévalo, 25, who works as a dependent on a computer store store and touches customers like "teaching" customers how to use the goat wallet so they can buy in their business.
"We give customers a small orientation of how to use (goat) wallet (...).When they learn how they are used, they buy us.Here is a matter of winning.We teach you how to use the wallet and they buy, "Arévalo told AFP.
In the center of San Salvador, two goals guarded by police officers work, and in the middle of the morning there are few usual ones who come to make some transaction or to consult any of the Wallet goat advisors who remain in the place.
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Media aid, Tax on Timbre, Animal Experimentation and tobacco advertising at the polls on February 13.
But many are not satisfied, such as Antonio Molina, who says he does not accept payments in Bitcóin in his street sale of bananas.
"I don't care if they remove the bitcóin or not, for me it is no benefit that, I work only with the dollar, Bitcóin does not accept," Molina said.
In El Salvador the bitcóin circulates alongside the US dollar, the official currency for two decades.
- "Great risks" -
On Tuesday, International Monetary Fund (IMF) urged El Salvador to withdraw the bitcóin as legal tender, pointing out "great associated risks" to the use of cryptocurrency, a blow to President Nayib Bukele, his enthusiastic promoter.
The IMF Executive Board of Directors urged the Salvadoran Government to stop officially using the bitcóin, citing danger for "financial stability, financial integrity and consumer protection, as well as possible fiscal contingencies".
For merchants like Arévalo, there is no idea that the bitcóin stops having legal course.
"Sales have increased since we accept bitcóin, and at least here in the business we do not agree that the use of bitcóin is removed, we are already used to using it and it is a payment option," said Arévalo.
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Running from one place to another in his business to sell technology and perfume products in the center of the capital, Juan Carlos Pérez, 40, says that he personally uses Bitcóin and that he is "satisfied" with the cryptocurrency.
"There are risks, I know there may be (...) Vulnerability in change, (there is no) a financial market that is controlling (al Bitcóin).But it is practical, "said Pérez, while checking the Wallet goat application on his phone.
- "Fragility" -
The Salvadoran government discusses with the IMF an agreement for 1.300 million dollars, to clean up their coffers.
"The logical thing would be for the Government of El Salvador to understand the fragility of its situation and that everything in the end goes through that agreement with the IMF," said economist Luis Membreño.
In this year, according to Membreño, the Government expects to obtain 400 million dollars from the World Bank, 400 million from the Inter -American Development Bank (IDB), and 200 million from the Central American Bank for Economic Integration (BCIE).
All those loans "are subject" to the agreement for 1.300 million dollars looking for the Government with the IMF, warns of letterhead.
On Tuesday, the IMF Executive Board of Directors acknowledged that digital payment media can contribute to the banking of El Salvador, but called the Government to control them.
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- Bukele reacts with a meme -
That same night, Bukele reacted with a "meme" of the Simpsons to the recommendation of the IFI that Ironiza: "I see you imf.That's very nice "(I see you, I am.That sympathetic).
During its management, 1 have been acquired.630 bitcoines with public funds.
Membreño warned that Bukele "will not turn back with a personal project of that size".
His Minister of Finance, Alejandro Zelaya, was limited to highlighting on Twitter the part of the IMF statement in which the importance of promoting financial inclusion is emphasized.
"It seems that it works to give financial inclusion, but you should not do it.The future does not expect for anyone, #bitcoin, "Zelaya wrote.
Last year Bukele also announced the broadcast of "Bitcóin Bonds" by 1.000 million dollars.
This Thursday the Bitcóin quoted at about 37.000 US dollars, compared to the 67 record.734 reached in November.