El Salvador President Nayib Bukele arrived in Turkey on Thursday to meet President Recep Tayyip Erdoğan in an effort to promote alliances and investment in the Central American country.
Just before arriving Bukele tweeted, “This Thursday, during my State visit, I will hold a meeting with Recep Tayyip Erdoğan, President of Turkey.”
Speculations and memes started popping up on Twitter asking the President of Turkey if he intends to follow El Salvador’s path on Bitcoin!
President of El Salvador: Greetings from El Salvador, the land of #Bitcoin, to the whole of Turkey.
chairperson @NayibBukele will meet the President of Turkey today. #Bitcoin ?
– Bitcoin Archive (@BTC_Archive) January 20, 2022
Turkey kept interest rates unchanged.
Interestingly, Turkey’s central bank left its benchmark interest rate unchanged, pausing the easing cycle that has helped push inflation to its highest levels since President Recep Tayyip Erdogan took office.
The country’s central bank kept its key interest rate at 14%, in line with forecasts. signal gradual easing in 2022 as the economy adjusts to the situation.
CoinGape previously reported in an article titled, “Turkey seeks to implement crypto law” as soon as possible, which summarizes the latest update in its upcoming crypto law. Turkey.
The meeting between the two presidents will take place in Ankara on Thursday and Friday.
Describing the president’s visit, the Salvadoran government released a statement, “El Salvador has explored opportunities for Turkish companies to invest in El Salvador, particularly in the energy and tourism sectors, offers the advantages of a coastal strategy known as Surfing City.”
It will be interesting to see the outcome of the meeting considering the speculation surrounding the country’s bitcoin policies.