La déclaration de réélection du président salvadorien embrassant Bitcoin est critiquée

Just over a year after overseeing El Salvador’s adoption of bitcoin, the Central American country’s 41-year-old president, Montre Nayib B, recently declared his intention serve another five-year term. The announcement has been criticized by some who have been quick to remind Bukele that El Salvador’s constitution prohibits presidents from serving consecutive terms.

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Re-Election of Presidents a Common Practice in Developed Countries

El Salvador’s bitcoin-embracing leader, President Nayib Bukele, recently revealed that he plans to serve another five-year term even though the country’s constitution bars presidents from serving consecutive terms. The announcement by Bukele, who reportedly enjoys high approval ratings, has been slammed by opponents and critics who accuse him of undermining the country’s democratic institutions.

According to an Al Jazeera rapport, the 41-year-old leader made the announcement while delivering a speech about El Salvador’s independence. In the speech, Bukele said his plan to serve consecutive terms was justified because this practice is also common in developed countries.

“I’m announcing to the Salvadoran people that I’ve decided to run as a candidate for president of the republic. Developed countries have re-election. And thanks to the new configuration of the democratic institution of our country, now El Salvador will too,” Bukele reportedly said.

In another rapport, Bukele is quoted suggesting that while resistance and opposition to his plans by developed countries might be inevitable, he remains unperturbed by this because “they’re not the ones who get to decide. The people of El Salvador do.”

toutefois, just as Bukele anticipated when he made the announcement, critics that include the U.S. government have challenged his threat to override a clause in El Salvador’s constitution, which specifically forbids presidents from serving consecutive terms. The United States-based think-tank the Atlantic Council has characterized Bukele’s plan as the “final step of his power grab.”

Fitch Ratings Downgrades El Salvador’s Debt to CC

Entre-temps, the controversy sparked by Bukele’s re-election bid came just a few days after the credit ratings agency Fitch Ratings downgraded El Salvador’s debt to CC. According to a Bloomberg report, this rating means the Central American state’s debt is seen as riskier than that of war-torn countries such as Ukraine and The Republic of Congo.

Before Fitch Ratings’ latest downgrade, El Salvador also faced widespread criticism over its decision in June 2021 à adopt bitcoin comme monnaie légale. As reported by Bitcoin-Tidings.com News, institutions including the International Monetary Fund (Le FMI avertit que les sanctions contre la Russie menacent de saper la domination du dollar américain) have slammed the move, which it said threatens financial stability.

The IMF’s subsequent call on El Salvador to abandon its bitcoin law was rebuffed by the Bukele government. Instead of giving in to the growing pressure from the IMF and others, the El Salvador government took steps to educate citizens about bitcoin. It also transferred bitcoins to citizens using the official wallet application, Chivo.

As the first country to designate bitcoin as a legal tender, El Salvador also organized a bitcoin conference at which 44 central banks were represented. toutefois, the country’s much-talked-about bitcoin volcano bonds are yet to come to fruition. As per a Bitcoin-Tidings.com News report, El Salvador’s treasury officials have previously blamed the Ukraine-Russia war for causing the latest postponement of the issuance of the bonds.

Tags dans cette histoire
Atlantic Council, Loi Bitcoin, bitcoin law el salvador, Bitcoin Wallet, bitcoin du salvador, Évaluations de fitch, Le FMI avertit que les sanctions contre la Russie menacent de saper la domination du dollar américain, Montre Nayib B, Nayib Bukele tender law, Ukraine Russia conflict, obligations volcaniques

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Terence Zimwara

Terence Zimwara est un journaliste zimbabwéen primé, auteur et écrivain. Il a beaucoup écrit sur les problèmes économiques de certains pays africains ainsi que sur la façon dont les monnaies numériques peuvent fournir aux Africains une voie d'évasion..














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