Salvador buying blow

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Salvador buying blow

Since El Salvador is one of the countries with the highest murder rates in the world 71 per , people in , the truce represents a step forward in the eradication of street violence and, some believe, in the fight against the retail drug trade and trafficking. Thus, a special law has been enacted apart from the Criminal Code to regulate drug-related activities, because the trafficking and use of drugs has increased in recent years. The previous law dated 4 March on drug-related activities regulated all acts connected with the cultivation, production, manufacture, use, possession and trafficking of narcotic substances. The rise in drug trafficking and the proliferation of gangs of traffickers led to considerable political pressure to change this law, and in October it was repealed. A new, more specific law was enacted at the same time to replace it. This laid emphasis on prevention, although it also increased the length of prison sentences. For example, the crime of planting and cultivation used to carry a sentence of years, but this has been increased to years; the sentence for the crime of manufacturing has increased from years to In the case of the crimes of trafficking or promotion, the prison sentences remain the same: years and years respectively. The article on the possession of drugs 34 has also been altered, particularly after the law was enacted. Previously, the punishment for the possession of controlled substances was a prison sentence of years, and no mention whatsoever was made of the quantity that would indicate the dividing line between possession and the crime of trafficking or transport. Instead, the judge would analyse the circumstances of the actions in each specific case. In December it was established that the dividing line would be 2 grams. If the purpose of the possession of whatever quantity was to carry out any of the activities included in the crime of drug trafficking, the prison sentence would be years, providing that the behaviour described could not be considered to fall under another, more serious type of criminal offence. Despite all the reforms, however, the article in question still fails to mention a small quantity destined for personal use, and thus it is understood that possession for personal use is prohibited. The rate of overcrowding is In alone, about 3, people were detained for alleged drug-related crimes. Legislation and Reform. March - The gangs call a truce. Merely being a member of these groups became a crime. The attempts to bring the violence under control had little success, and it continued to increase. Aside from the issue of government mediation — which it initially denied but later acknowledged the role it had played in the initiative — the gang members made a commitment not to attack public transport workers, police officers, soldiers, prison warders, and women in general. This development, which was positively welcomed by several Latin American countries as well as the UN, not only achieved results in terms of the reduction in violence 32 fewer deaths per day , but also led to a fall in local retail sales of drugs. The OAS is formally accompanying the peace process. The gangs do not have the same organisational structures as the drug traffickers, but they are involved in the market on a smaller scale. Currently under discussion is the design of a management plan to make it easier for those already in the gangs to leave and prevent children and young people from joining them. This would require a commitment from institutions. The archbishop also remarked that he is neither for nor against the proposal. His opinion is simply that the current debate is very weak and that the government should undertake an in-depth study of the issue with the aim of coming up with better solutions and producing positive results. May — A small group of parliamentarians, from both government and opposition parties announced the intention to break the taboo on the convenience to discuss drugs legalization. El Salvador in the international debate on drug policies The President of El Salvador, Mauricio Funes, has declared on several occasions that the Northern Triangle countries must adopt joint measures to tackle the problem of drug trafficking and those involved in transporting drugs, which protect the shipments and move them along the Pan-American highway. Now we need the government and the people of the United States to join us in this fight. President Funes has stated on several occasions that he agrees that the Central American countries should adopt a joint position with regard to drug trafficking, as well as new measures or a different approach in the way it is tackled. Although he recognises that legalisation would be a blow to the drug cartels, he feels that it would be morally wrong as it would turn Central America into a paradise for drug users and make it easy for children and young people to obtain drugs. Newsletter Subscribe to our newsletter. Publication date: 30 June About about drug law reform in el salvador Publication type Primer. Legislation and Reform March - The gangs call a truce. Tags Drug Law Reform. Publication: Newsletter banner Did you enjoy reading this content? Newsletter Subscribe to our newsletter Subscribe now. Hundreds of social struggles. Countless ideas turned into movement. Support us as we celebrate our 50th anniversary in Make a donation.

Bitcoin’s decline in value is ‘deadly blow’ for El Salvador

Salvador buying blow

This week marked a milestone in the history of cryptocurrencies, which traded at impressive figures during the Covid pandemic but lost almost all of their gains this year. This is relevant for countless investors worldwide, but it is perhaps an even more pressing issue for 6. It was the bankruptcy of one of the largest cryptocurrency exchanges, FTX , that caused the Bitcoin crash this week. Bitcoin has been in a tailspin since the end of last year as a result of tightening global financial conditions. Time has not been an ally of the president of El Salvador, Nayib Bukele , who made bitcoin legal tender in September and invested part of the public finances in the asset. In a dollarized country, Bukele has made great efforts to get citizens to use bitcoin in their daily lives , but these have not paid off, said Castaneda, since there is a lot of mistrust among the population. Not even one of the great areas of opportunity, remittances from abroad, has materialized. What happened this week only aggravates this distrust, and I would say that it is very difficult to find a way back from this point. If Salvadorans do not know how much of their taxes have gone into buying bitcoin, it is because the government never made its purchases transparent. Financial analysts have based their studies on the announcements made by Bukele on Twitter. In December , when bitcoin was falling rapidly, Bukele announced that the country had increased its position in bitcoin due to the low price. A similar announcement was made in May of this year, during another remarkable drop in bitcoin value. But this past week, Bukele kept silent. But El Salvador is racing against the clock. Two days later, Bukele announced on his social media that El Salvador had signed a free trade agreement with the Asian country. At the beginning of this year, the president approached the International Monetary Fund IMF to request financing, but the organization said no, instead asking the government to reconsider its national experiment with bitcoin. Isabella Cota. Mexico - Nov 14, - CET. Copy link. Is Paraguay the next cryptocurrency mecca? Santi Carneri Villarrica Paraguay. Disfruta de nuestras lecciones personalizadas, breves y divertidas. Disfrute de nuestras lecciones personalizadas, breves y divertidas. Italiano online. Nuevo curso 'online'. Crucigramas minis. Crucigramas Tarkus. Sudokus mini. Sopas de letras. Global MBA. Clases virtuales. Posgrado en Recursos Humanos. Palabra secreta.

Salvador buying blow