President Nayib Bukele won the elections this year to remain in charge for at least another four years. He focused on the so-called “war on gangs,” significantly reducing crime and violence.
In September 2021, he passed the Bitcoin Law with the idea that citizens could use the digital asset as currency to pay for everything from real estate to street food. When Bitcoin fell in price, it was rumored that El Salvador would default on its debt. Today, with the price of the asset skyrocketing, it is estimated that the Central American country's international reserves have increased in value by 62%.