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EL SALVADOR


BIBLIOTECA NACIONAL 




The president of El Salvador, Nayib Bukele, inaugurated on November 14 a new national library, located in the center of the capital, which takes the title of being the largest in Central America.
The project, donated by the Chinese government, cost more than 50 million dollars in addition to the 10 million dollars that the Salvadoran government contributed for its construction. this impressive 24,000 square meter library, the first in the nation to offer services 24 hours a day, seven days a week.
“The fact that we live in a safe country, where there is basically no unsafe place, throughout the territory, people can come whenever they want. Come at dawn, stay here at 3:00 in the morning without any problem,” said Bukele while touring the new space on November 14 during the inauguration.

According to Doradea, the National Library of El Salvador (Binaes) is the "most modern and largest in the region" with a capacity of more than 360,000 books.
According to Doradea, the National Library of El Salvador (Binaes) is the "most modern and largest in the region" with a capacity of more than 360,000 books.
According to the Vice Minister of Culture of El Salvador, Erick Doradea, this library is the “most modern and largest in the region”, since the seven-level 5G building has Internet in all its spaces, in addition to being highly accessible to people. with reduced mobility, the blind population or people with a syndrome or disability, according to Doradea.
In the field of technological innovation in buildings, the library is equipped with more than 9 million digital items, offers virtual reality experiences, 3D scanners and state-of-the-art robotics rooms.
SPECIAL COLLECTIONS: It houses a collection of manuscripts dating back to the 17th century.
It has a collection of incunabula, which are books printed before the year 1501.

PALACIO NACIONAL.


The National Palace of El Salvador is located in the historic center of San Salvador, the country's capital. It is an unmissable place to visit due to its historical, architectural and cultural importance.

Historically, the palace has witnessed important events in the history of El Salvador, from its construction in 1905 to the present. It has been the scene of political declarations, historical agreements and cultural demonstrations, which makes it a symbol of Salvadoran history.

Architecturally, the palace is a jewel of neoclassical architecture, with elements that reflect the grandeur and elegance of the era in which it was built. Its imposing façade, its wide staircases and its decorative details make it a unique place in El Salvador.

Culturally, the palace houses an important collection of art and historical documents that show the cultural wealth of the country. In addition, it is home to cultural events, exhibitions and concerts that enrich the cultural life of the city.

In summary, the National Palace of El Salvador is an unmissable place to visit due to its historical, architectural and cultural importance, which offers visitors the opportunity to learn about and enjoy the cultural wealth of El Salvador.



Fun facts:

1. Art and Culture: The National Palace houses an important collection of Salvadoran art, including works by painters such as José Mejía Vides and Julia Díaz.

2. Military History: During the Salvadoran civil war, the palace was used as army headquarters and suffered significant damage.

3. Colonial Architecture: Although its original design was neoclassical, the palace has undergone modifications over the years, adopting elements of colonial architecture.

4. Restorations: In 1956, the palace underwent a restoration directed by the architect Francisco Durini Cáseres, who sought to return it to its original splendor.

5. Historical Monument: In 1980, the National Palace was declared a National Historical Monument for its architectural and cultural importance.

Important features:

1. Seat of Government: The National Palace is the seat of the government of El Salvador, housing the offices of the president and other government agencies.

2. History and Culture: The palace is a symbol of the history and culture of El Salvador, with its imposing architecture and its role in historical events in the country.

3. Tourism: It is one of the main tourist destinations in El Salvador, where visitors can learn about the history of the country and enjoy its architecture.

4. Cultural Events: The palace is used as a setting for cultural events and official ceremonies, contributing to the cultural and social life of El Salvador.

5. Art and Architecture: Inside there are important works of art and architectural details that reflect the history and Salvadoran identity, making it a place of great cultural value.

CENTRO HISTÓRICO



The Historic Center of El Salvador, located in San Salvador, is important for its architectural, historical and cultural value. In this place there are emblematic buildings such as the Metropolitan Cathedral, the National Theater, the National Palace and Plaza Libertad, which represent the history and identity of the country. Additionally, the Historic Center is the political, social and cultural heart of El Salvador, where cultural events, festivals and activities are held that attract tourists and locals alike.

Its tourist importance is due to its well-preserved colonial architecture, its museums, art galleries, theaters, restaurants and cafes, which offer a unique cultural experience. It is also a place where you can enjoy traditional Salvadoran music, dance and arts. In summary, the Historic Center of El Salvador is an important tourist destination due to its history, architecture and vibrant cultural life.

1. *1986 Earthquake*: The Historic Center of San Salvador suffered serious damage during the 1986 earthquake, which destroyed much of its architectural heritage, including the Metropolitan Cathedral and the National Palace.

2. *Recovery and Restoration*: After the earthquake, recovery and restoration projects began in the Historic Center, which have allowed the reconstruction of several historic buildings and the revitalization of the area.

3. *Colonial Architecture*: The Historic Center of San Salvador preserves an important set of colonial architecture buildings, which reflect the history and culture of the country.

4. *Pedestrian Zone*: To promote tourism and culture, part of the Historic Center has been converted into a pedestrian zone, where you can find shops, restaurants and cafes.

5. *Declared Cultural Heritage*: In 1996, the Historic Center of San Salvador was declared Cultural Heritage of the Nation, in recognition of its historical and architectural value.


BITCOIN

El Salvador, the first country in the world to establish bitcoin as legal tender, at the initiative of President Nayib Bukele in 2021, today celebrates a price that has reached record levels above $72,000.

[El Salvador exceeds 30 million dollars in profits in bitcoin

The 2,846 BTC that El Salvador currently has are valued at approximately 155,807,215.61 million dollars, this is a profitability of more than 28%.
 Nayib Bukele, the president of El Salvador, was the first president in Latin America to decree bitcoin as legal tender in a country. In such a way that from mid-2021 to the present it has been the subject of multiple controversial measures regarding cryptocurrencies in the country and its impact on the local economy. Despite this, since legalization until now, it has accumulated more than 30 million dollars in profits from holding bitcoins.
The French Press Agency reviewed this historical milestone on the social network bitcoin as legal tender.

Since then, the Salvadoran government, represented by Bukele, announced the daily purchase of bitcoins, as a form of investment and as a store of value. But in addition to that, as a way to sponsor the use of cryptocurrency in the country.
So, Bukele himself shared a web address that can be checked 24 hours a day, 7 days a week, in which the metrics of bitcoin purchases are shared historically, with dates, amounts and shopping moments, which is updated in real time.
In this way, this website shows that the government of El Salvador owns, at the time of writing this note, 2,846 BTC. These bitcoin show an approximate value of 155,807,215.61 million dollars, with a cost of 120,932,588.15 million dollars, which shows that from 2021 to the present they have accumulated a profit close to 28.05%, which translates into a little more than 33,926,482.56 millions of dollars.
Various narratives surrounding these bitcoin purchases by the government have occurred, from the alleged losses of purchasing power by organizations such as the International Monetary Fund, which expressed concern about the strategy that the Salvadoran government was putting into practice with the consecutive purchase of bitcoin, as well as the same internal political opposition in the country indicating that these purchases were not constitutional.


Bukele, being a president who is committed to the new digital finance, and very active on social networks, has shown various moments in which he defends this policy of maintaining bitcoin as legal tender, in effect, he has deregulated another series of technologies that promise to develop other branches of the industry in that country, among them is Artificial Intelligence, the development of programming for blockchain technology, communications, among other things.

More recently, on February 26, 2024, President Bukele, in statements at the Conservative Action Policy Conference held in Washington, United States, explained how the traditional financial system issues discretionary papers called “currencies” without any type of real financial support and that this, in itself, constitutes a deception for taxpayers, since the state “supposedly finances itself” through the collection of taxes, when reality shows that they only dedicate themselves to issuing currency without any financial support.
According to this explanation, Bukele shows that the nature of the indiscriminate issuance of money is a problem that must be resolved by the government (in this case, reference is made to the government of the United States).
This analysis supports a first of the new ecosystem that has been established since the appearance of bitcoin in 2009, because in bitcoin there is no way to indiscriminately issue currencies to finance local or regional economies, since in essence it is decentralized and with issuance limited.


The Bitcoin Law is a law approved on June 9, 2021 by the Legislative Assembly of El Salvador, with 62 votes in favor and 19 votes against. The law meant the adoption of bitcoin in El Salvador, becoming the first country in the world to approve the use of cryptocurrency. The bill was delivered to the Legislative Assembly by Nayib Bukele, through the Minister of Economy, María Luisa Hayem.

The use of bitcoin as a currency in El Salvador had been experienced since at least 2019, and current President Bukele expressed interest in Bitcoin while he was mayor of San Salvador in 2017. Bloomberg News reported in June 2021 that Bukele and some members of the Nuevas party Ideas had owned Bitcoin for years.
The coastal town of El Zonte in the department of La Libertad has had an active experiment for the use of Bitcoin in the local economy since 2019, where some workers have received their salary and have the possibility of paying bills in Bitcoin, and others use it to buy food or other products at local stores.
The initiative was presented at the Bitcoin conference in Miami in June 2021, President Nayib Bukele announced that he would seek to enact a law allowing bitcoin as legal tender, saying it would “generate jobs and help provide financial inclusion to thousands of people.” outside the formal economy. According to Bukele, the law targets the approximately 70% of unbanked Salvadorans, and will increase their inclusion and argued that the bill would increase investment and reduce current service fees for remittances.? To push the bill forward law, Bukele cooperated with Strike, a financial services company that uses the Lightning Network for settlement, and Jack Mallers, its CEO.

EL SALVADOR


BIBLIOTECA NACIONAL 




The president of El Salvador, Nayib Bukele, inaugurated on November 14 a new national library, located in the center of the capital, which takes the title of being the largest in Central America.
The project, donated by the Chinese government, cost more than 50 million dollars in addition to the 10 million dollars that the Salvadoran government contributed for its construction. this impressive 24,000 square meter library, the first in the nation to offer services 24 hours a day, seven days a week.
“The fact that we live in a safe country, where there is basically no unsafe place, throughout the territory, people can come whenever they want. Come at dawn, stay here at 3:00 in the morning without any problem,” said Bukele while touring the new space on November 14 during the inauguration.

According to Doradea, the National Library of El Salvador (Binaes) is the "most modern and largest in the region" with a capacity of more than 360,000 books.
According to Doradea, the National Library of El Salvador (Binaes) is the "most modern and largest in the region" with a capacity of more than 360,000 books.
According to the Vice Minister of Culture of El Salvador, Erick Doradea, this library is the “most modern and largest in the region”, since the seven-level 5G building has Internet in all its spaces, in addition to being highly accessible to people. with reduced mobility, the blind population or people with a syndrome or disability, according to Doradea.
In the field of technological innovation in buildings, the library is equipped with more than 9 million digital items, offers virtual reality experiences, 3D scanners and state-of-the-art robotics rooms.
SPECIAL COLLECTIONS: It houses a collection of manuscripts dating back to the 17th century.
It has a collection of incunabula, which are books printed before the year 1501.

PALACIO NACIONAL.


The National Palace of El Salvador is located in the historic center of San Salvador, the country's capital. It is an unmissable place to visit due to its historical, architectural and cultural importance.

Historically, the palace has witnessed important events in the history of El Salvador, from its construction in 1905 to the present. It has been the scene of political declarations, historical agreements and cultural demonstrations, which makes it a symbol of Salvadoran history.

Architecturally, the palace is a jewel of neoclassical architecture, with elements that reflect the grandeur and elegance of the era in which it was built. Its imposing façade, its wide staircases and its decorative details make it a unique place in El Salvador.

Culturally, the palace houses an important collection of art and historical documents that show the cultural wealth of the country. In addition, it is home to cultural events, exhibitions and concerts that enrich the cultural life of the city.

In summary, the National Palace of El Salvador is an unmissable place to visit due to its historical, architectural and cultural importance, which offers visitors the opportunity to learn about and enjoy the cultural wealth of El Salvador.



Fun facts:

1. Art and Culture: The National Palace houses an important collection of Salvadoran art, including works by painters such as José Mejía Vides and Julia Díaz.

2. Military History: During the Salvadoran civil war, the palace was used as army headquarters and suffered significant damage.

3. Colonial Architecture: Although its original design was neoclassical, the palace has undergone modifications over the years, adopting elements of colonial architecture.

4. Restorations: In 1956, the palace underwent a restoration directed by the architect Francisco Durini Cáseres, who sought to return it to its original splendor.

5. Historical Monument: In 1980, the National Palace was declared a National Historical Monument for its architectural and cultural importance.

Important features:

1. Seat of Government: The National Palace is the seat of the government of El Salvador, housing the offices of the president and other government agencies.

2. History and Culture: The palace is a symbol of the history and culture of El Salvador, with its imposing architecture and its role in historical events in the country.

3. Tourism: It is one of the main tourist destinations in El Salvador, where visitors can learn about the history of the country and enjoy its architecture.

4. Cultural Events: The palace is used as a setting for cultural events and official ceremonies, contributing to the cultural and social life of El Salvador.

5. Art and Architecture: Inside there are important works of art and architectural details that reflect the history and Salvadoran identity, making it a place of great cultural value.

CENTRO HISTÓRICO



The Historic Center of El Salvador, located in San Salvador, is important for its architectural, historical and cultural value. In this place there are emblematic buildings such as the Metropolitan Cathedral, the National Theater, the National Palace and Plaza Libertad, which represent the history and identity of the country. Additionally, the Historic Center is the political, social and cultural heart of El Salvador, where cultural events, festivals and activities are held that attract tourists and locals alike.

Its tourist importance is due to its well-preserved colonial architecture, its museums, art galleries, theaters, restaurants and cafes, which offer a unique cultural experience. It is also a place where you can enjoy traditional Salvadoran music, dance and arts. In summary, the Historic Center of El Salvador is an important tourist destination due to its history, architecture and vibrant cultural life.

1. *1986 Earthquake*: The Historic Center of San Salvador suffered serious damage during the 1986 earthquake, which destroyed much of its architectural heritage, including the Metropolitan Cathedral and the National Palace.

2. *Recovery and Restoration*: After the earthquake, recovery and restoration projects began in the Historic Center, which have allowed the reconstruction of several historic buildings and the revitalization of the area.

3. *Colonial Architecture*: The Historic Center of San Salvador preserves an important set of colonial architecture buildings, which reflect the history and culture of the country.

4. *Pedestrian Zone*: To promote tourism and culture, part of the Historic Center has been converted into a pedestrian zone, where you can find shops, restaurants and cafes.

5. *Declared Cultural Heritage*: In 1996, the Historic Center of San Salvador was declared Cultural Heritage of the Nation, in recognition of its historical and architectural value.


BITCOIN

El Salvador, the first country in the world to establish bitcoin as legal tender, at the initiative of President Nayib Bukele in 2021, today celebrates a price that has reached record levels above $72,000.

[El Salvador exceeds 30 million dollars in profits in bitcoin

The 2,846 BTC that El Salvador currently has are valued at approximately 155,807,215.61 million dollars, this is a profitability of more than 28%.
 Nayib Bukele, the president of El Salvador, was the first president in Latin America to decree bitcoin as legal tender in a country. In such a way that from mid-2021 to the present it has been the subject of multiple controversial measures regarding cryptocurrencies in the country and its impact on the local economy. Despite this, since legalization until now, it has accumulated more than 30 million dollars in profits from holding bitcoins.
The French Press Agency reviewed this historical milestone on the social network bitcoin as legal tender.

Since then, the Salvadoran government, represented by Bukele, announced the daily purchase of bitcoins, as a form of investment and as a store of value. But in addition to that, as a way to sponsor the use of cryptocurrency in the country.
So, Bukele himself shared a web address that can be checked 24 hours a day, 7 days a week, in which the metrics of bitcoin purchases are shared historically, with dates, amounts and shopping moments, which is updated in real time.
In this way, this website shows that the government of El Salvador owns, at the time of writing this note, 2,846 BTC. These bitcoin show an approximate value of 155,807,215.61 million dollars, with a cost of 120,932,588.15 million dollars, which shows that from 2021 to the present they have accumulated a profit close to 28.05%, which translates into a little more than 33,926,482.56 millions of dollars.
Various narratives surrounding these bitcoin purchases by the government have occurred, from the alleged losses of purchasing power by organizations such as the International Monetary Fund, which expressed concern about the strategy that the Salvadoran government was putting into practice with the consecutive purchase of bitcoin, as well as the same internal political opposition in the country indicating that these purchases were not constitutional.


Bukele, being a president who is committed to the new digital finance, and very active on social networks, has shown various moments in which he defends this policy of maintaining bitcoin as legal tender, in effect, he has deregulated another series of technologies that promise to develop other branches of the industry in that country, among them is Artificial Intelligence, the development of programming for blockchain technology, communications, among other things.

More recently, on February 26, 2024, President Bukele, in statements at the Conservative Action Policy Conference held in Washington, United States, explained how the traditional financial system issues discretionary papers called “currencies” without any type of real financial support and that this, in itself, constitutes a deception for taxpayers, since the state “supposedly finances itself” through the collection of taxes, when reality shows that they only dedicate themselves to issuing currency without any financial support.
According to this explanation, Bukele shows that the nature of the indiscriminate issuance of money is a problem that must be resolved by the government (in this case, reference is made to the government of the United States).
This analysis supports a first of the new ecosystem that has been established since the appearance of bitcoin in 2009, because in bitcoin there is no way to indiscriminately issue currencies to finance local or regional economies, since in essence it is decentralized and with issuance limited.


The Bitcoin Law is a law approved on June 9, 2021 by the Legislative Assembly of El Salvador, with 62 votes in favor and 19 votes against. The law meant the adoption of bitcoin in El Salvador, becoming the first country in the world to approve the use of cryptocurrency. The bill was delivered to the Legislative Assembly by Nayib Bukele, through the Minister of Economy, María Luisa Hayem.

The use of bitcoin as a currency in El Salvador had been experienced since at least 2019, and current President Bukele expressed interest in Bitcoin while he was mayor of San Salvador in 2017. Bloomberg News reported in June 2021 that Bukele and some members of the Nuevas party Ideas had owned Bitcoin for years.
The coastal town of El Zonte in the department of La Libertad has had an active experiment for the use of Bitcoin in the local economy since 2019, where some workers have received their salary and have the possibility of paying bills in Bitcoin, and others use it to buy food or other products at local stores.
The initiative was presented at the Bitcoin conference in Miami in June 2021, President Nayib Bukele announced that he would seek to enact a law allowing bitcoin as legal tender, saying it would “generate jobs and help provide financial inclusion to thousands of people.” outside the formal economy. According to Bukele, the law targets the approximately 70% of unbanked Salvadorans, and will increase their inclusion and argued that the bill would increase investment and reduce current service fees for remittances.? To push the bill forward law, Bukele cooperated with Strike, a financial services company that uses the Lightning Network for settlement, and Jack Mallers, its CEO.

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