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Line 135: − − In 2021 Nayib Bukele sent to congress the Bitcoin law which legalized the cryptocurrency in the country. − "All prices may be expressed in Bitcoin" and "All tax contributions may be paid in Bitcoin", states the Law.<ref>{{cite web|url=https://derechadiario.com.ar/latinoamerica/latinoamerica_el-salvador/la-asamblea-de-el-salvador-promulgo-la-ley-bitcoin-que-envio-nayib-bukele-para-hacer-de-curso-legal-a-la-criptomoneda|publisher=La Derecha Diario|date=June 9, 2021|title=La Asamblea de El Salvador promulgó la Ley Bitcoin que envió Nayib Bukele para hacer de curso legal a la criptomoneda|language=es}}</ref> − − President Nayib Bukele, confirmed in October 1st, 2021, that El Salvador mined the first Bitcoin with volcanic energy. Through Twitter, the social network he uses so well, he shared an image of the mining in progress, which showed 0.00599179 Bitcoin, with a value of around 288 dollars at the exchange rate at the time.<ref>{{cite web|url=https://derechadiario.com.ar/latinoamerica/latinoamerica_el-salvador/el-salvador-mino-su-primer-bitcoin-utilizando-energia-volcanica-tuitea-el-presidente-nayib-bukele|title=El Salvador minó su primer Bitcoin utilizando energía volcánica, tuitea el presidente Nayib Bukele|date=October 5, 2021|language=es|publisher=La Derecha Diario}}</ref>
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*Industry (21.2% of GDP, 2006): Types—textiles and apparel, medicines, food and beverage processing, clothing, chemical products, petroleum products, electronics.
*Industry (21.2% of GDP, 2006): Types—textiles and apparel, medicines, food and beverage processing, clothing, chemical products, petroleum products, electronics.
*Trade (2006): Exports--$3.5 billion: textiles and apparel, coffee, sugar, medicines, iron and steel products, tuna, light manufacturing, and paper products. Major markets—U.S. 57.1%, Central American Common Market (CACM) 29.2%. Imports--$7.6 billion: petroleum, iron products, machines and mechanical devices, cars, medicines, consumer goods, foodstuffs, capital goods, and raw industrial materials. Major suppliers—U.S. 40.46%, CACM 15.1%, Mexico 7.7%.
*Trade (2006): Exports--$3.5 billion: textiles and apparel, coffee, sugar, medicines, iron and steel products, tuna, light manufacturing, and paper products. Major markets—U.S. 57.1%, Central American Common Market (CACM) 29.2%. Imports--$7.6 billion: petroleum, iron products, machines and mechanical devices, cars, medicines, consumer goods, foodstuffs, capital goods, and raw industrial materials. Major suppliers—U.S. 40.46%, CACM 15.1%, Mexico 7.7%.
In 2021 Nayib Bukele sent to congress the Bitcoin law which legalized the cryptocurrency in the country.
"All prices may be expressed in Bitcoin" and "All tax contributions may be paid in Bitcoin", states the Law.<ref>{{cite web|url=https://derechadiario.com.ar/latinoamerica/latinoamerica_el-salvador/la-asamblea-de-el-salvador-promulgo-la-ley-bitcoin-que-envio-nayib-bukele-para-hacer-de-curso-legal-a-la-criptomoneda|publisher=La Derecha Diario|date=June 9, 2021|title=La Asamblea de El Salvador promulgó la Ley Bitcoin que envió Nayib Bukele para hacer de curso legal a la criptomoneda|language=es}}</ref>
President Nayib Bukele, confirmed in October 1st, 2021, that El Salvador mined the first Bitcoin with volcanic energy. Through Twitter, the social network he uses so well, he shared an image of the mining in progress, which showed 0.00599179 Bitcoin, with a value of around 288 dollars at the exchange rate at the time.<ref>{{cite web|url=https://derechadiario.com.ar/latinoamerica/latinoamerica_el-salvador/el-salvador-mino-su-primer-bitcoin-utilizando-energia-volcanica-tuitea-el-presidente-nayib-bukele|title=El Salvador minó su primer Bitcoin utilizando energía volcánica, tuitea el presidente Nayib Bukele|date=October 5, 2021|language=es|publisher=La Derecha Diario}}</ref>
The Salvadoran government has maintained fiscal discipline during post-war reconstruction and reconstruction following earthquakes in 2001 and hurricanes in 1998 and 2005. Taxes levied by the government include a value added tax of 13%, income tax of 20%, excise taxes on alcohol and cigarettes, and import duties. The VAT is the largest source of revenue, accounting for about 55.1% of total tax revenues in 2006. For December 2007, El Salvador projects a fiscal surplus of 0.6% of GDP. El Salvador's public external debt in May 2007 was about $5.8 billion, 29.9 percent of GDP.
The Salvadoran government has maintained fiscal discipline during post-war reconstruction and reconstruction following earthquakes in 2001 and hurricanes in 1998 and 2005. Taxes levied by the government include a value added tax of 13%, income tax of 20%, excise taxes on alcohol and cigarettes, and import duties. The VAT is the largest source of revenue, accounting for about 55.1% of total tax revenues in 2006. For December 2007, El Salvador projects a fiscal surplus of 0.6% of GDP. El Salvador's public external debt in May 2007 was about $5.8 billion, 29.9 percent of GDP.
In addition, he promised to confront crime and organized crime with all the power of the State, a measure that both the FMLN and ARENA have failed miserably in the past. It should be remembered that El Salvador is a country whose national territory is occupied in some parts by the maras mafia, which have parallel governments and promote terrorism and drug trafficking on Salvadoran soil.<ref name=FirstYear>{{cite web|url=https://derechadiario.com.ar/latinoamerica/latinoamerica_el-salvador/nayib-bukele-primer-ano-de-gobierno-del-presidente-que-revoluciono-a-el-salvador|title=Nayib Bukele: primer año de gobierno del presidente que revolucionó a El Salvador|date=December 5, 2020|publisher=La Derecha Diario|language=es}}</ref>
In addition, he promised to confront crime and organized crime with all the power of the State, a measure that both the FMLN and ARENA have failed miserably in the past. It should be remembered that El Salvador is a country whose national territory is occupied in some parts by the maras mafia, which have parallel governments and promote terrorism and drug trafficking on Salvadoran soil.<ref name=FirstYear>{{cite web|url=https://derechadiario.com.ar/latinoamerica/latinoamerica_el-salvador/nayib-bukele-primer-ano-de-gobierno-del-presidente-que-revoluciono-a-el-salvador|title=Nayib Bukele: primer año de gobierno del presidente que revolucionó a El Salvador|date=December 5, 2020|publisher=La Derecha Diario|language=es}}</ref>
==References==
==References==