The president has put forward a few reasons why. He thinks that adopting biinus legal tender might be a good move for l salvador. In order to use bick coin as fheir method of payment, salvadoras will have to download a digital wallet. The el salvador rian government has created its own cachive, which is slang for cool.
President Nayib Bukele thinks obliging businesses to take the cryptocurrency will help with remittances, inclusion and foreign investment. So far, few are convinced. From after-school tutoring to endless extracurricular activities, education is an increasingly cut-throat affair; we examine the costs of these academic arms races. And Sally Rooney’s new novel and the question of what makes great contemporary fiction.
For full access to print, digital and audio editions of The Economist, subscribe here www.economist.com/intelligenceoffer