The International Monetary Fund has urged El Salvador to reverse its decision to make Bitcoin legal tender. El Salvador had in September 2021 became the first country to allow consumers to use the cryptocurrency in all transactions with the US dollar. The decision led to large-scale protests over fears it would bring instability and inflation to the…
Honduras looks set to elect its first female president, Xiomara Castro, after the ruling party conceded defeat. Castro, the candidate for the left-wing Libre Party has a preliminary lead of almost 20 percentage points over her rival. Her victory will bring an end to the 12-year reign of the right-wing National Party, which has been plagued by…