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Other side of the coin is that they want independence from US dollar. They suffer from inflation, but can't print it for themselves. They also believe that wor
by Geee 5y ago
Other side of the coin is that they want independence from US dollar. They suffer from inflation, but can't print it for themselves.
They also believe that world will eventually move onto Bitcoin standard, and being the first adopter is beneficial for them.
- el-salvador 5y agoEl Salvador's inflation is low compared to other Latin American countries. https://tradingeconomics.com/country-list/inflation-rate?continent=america https://tradingeconomics.com/country-list/inflation-rate?con...
- deleted 5y ago[deleted]
- betwixthewires 5y agoThey're talking about monetary inflation, not price inflation. El Salvador uses the USD, so if the federal reserve bank of the US prints money it devalues their currency as well. Not a good position to be in as a sovereign nation.