President Nayib Bukele of El Salvador proposed the creation of private investment banks, providing financial services in Bitcoin and Dollars with less restrictions than traditional banks.
El Salvador’s Ambassador to the United States, Milena Mayorga, announced the plan on June 14 on Ark Invest CEO Cathie Wood’s report that El Salvador’s GDP could increase tenfold in the next five years becomes “more likely.”
![Nayib Bukele was recently sworn in as president for a second five-year term. Source: Casa President](https://www.aliteq.com/wp-content/uploads/2024/06/1718428626_553_8054a36b-db94-4649-a05d-33eeae0dc472.jpg.webp.webp)