Stock Groups

Thousands protest in El Salvador against Bukele government By Reuters

© Reuters. Protest against President Nayib Buukele’s actions in El Salvador. REUTERS/Jose Cabezas


Nelson Renteria

SAN SALVADOR – Thousands marched in El Salvador Sunday, voicing a variety of grievances against President Nayib Buke, including accusations about his use of Bitcoin as legal tender and firing Supreme Court justices. These complaints were viewed as a power grab by critics.

Local media estimate that at least 4000 people marched through San Salvador in protest of bitcoin. They were holding signs and banners decrying the legalization of the currency.

Street protestors chanted “What’s El Salvador Want?” You must get rid of this dictator! Protesters lit a doll that resembled the president of 40 years near the capital’s main square.

Bukele declared himself to be the “dictator” in Central America on his Twitter account (NYSE:), last month. This was an apparent joke, given his growing power concentration.

Bukele’s New Ideas Party dominated Congress in May. They voted for dismissal of Supreme Court Supreme Court judges from the Constitution Panel. These were the highest ranking jurists and the former-attorney général. Bukele-friendly replacements were quickly elected to succeed them. This drew harsh criticism from both the United States and top international rights organizations.

The United States then criticized Bukele’s administration after Supreme Court judges decided that the president can seek another consecutive term. Washington considered this unconstitutional.

We are losing our rights completely because they don’t respect the laws. Rosa Granados from the labor union, who was present at the demonstrations, said that “here, what’s been done is Nayib’s will.”

“If he raises the hand, all of his deputies will approve and it is a law.” she said.

Bukele, an experienced and sometimes provocative social media user, dismissed the protests via his Twitter account.

“The march has failed and they know ….. They don’t believe them any more,” he said.

Disclaimer Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media does not accept any liability for trade losses that you may incur due to the use of these data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.

Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.