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El Salvador: Protests against President Nayib Bukele and Bitcoin as a currency

2021-10-18T10:28:45.904Z


Thousands of people demonstrated in El Salvador against the introduction of the crypto currency Bitcoin as an official means of payment. Their anger is directed against President Bukele and his authoritarian style of government.


Read the video transcript here

San Salvador, El Salvador

A picture of President Nayib Bukele ends up in the flames.

Drone recordings show the dimensions of the protests in El Salvador.

Just like here in the capital, San Salvador, thousands of people took to the streets across the country to protest against President Bukele's government.

Their anger is primarily directed against the introduction of Bitcoin as the official currency.

Sonia Urruita, protester

“We demand the immediate restoration of constitutional order.

We don't want the president to be re-elected.

We demand that the Bitcoin law be repealed - it only benefits the rich and money launderers. "

El Salvador was the first country in the world to introduce the cryptocurrency as an official currency alongside the US dollar in early September.

With the Bitcoin, national monetary policy should be made independent of the US Federal Reserve.

But people here fear that the cost of living will continue to rise with Bitcoin.

Whether indigenous people, pensioners or students, they all share the criticism of President Bukele's authoritarian style of government and his policies.

Only recently, with a constitutional amendment, he paved the way for possible re-election in 2024.

Nestor Garcia, protester

"We, the people, want to publicly condemn the destruction of the democratic system, the militarization of our public security, the ailing legal system, the privatization of water."

The President himself commented - as so often - on his Twitter account on the protests: "The march is a failure and you know it."

Just two years ago, Bukele was elected with 54 percent of the vote - at that time the population was hoping for an end to political corruption in the country that he had promised.

Since then, he has been pushing his country towards an authoritarian-led regime.

Source: spiegel

All news articles on 2021-10-18

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