**Part 1 (Title):** Salvadoran Opposition Parties Nominate Presidential Candidates for 2027, Both Oppose Bukele's Bitcoin Strategy **Part 2 (Body):**
2026-07-28 00:45
OdailyOdaily reports that on July 28, two main opposition parties in El Salvador have officially nominated their candidates for the February 2027 presidential election: the Nationalist Republican Alliance (ARENA) nominated former deputy Maytee Iraheta, and the Farabundo Martí National Liberation Front (FMLN) nominated doctor and union leader Rafael Aguirre. Both candidates explicitly oppose President Bukele's Bitcoin strategy, which they characterize as a fiscal failure.
Bukele currently holds a 94% approval rating, and his New Ideas party has already completed its nomination. In February 2025, following a $1.4 billion loan agreement with the IMF, El Salvador revoked Bitcoin's legal tender status, making the US dollar the sole official currency again. However, the government maintains a plan to purchase roughly 1 Bitcoin daily, holding approximately 7,730 BTC as of July 27.
Bukele currently holds a 94% approval rating, and his New Ideas party has already completed its nomination. In February 2025, following a $1.4 billion loan agreement with the IMF, El Salvador revoked Bitcoin's legal tender status, making the US dollar the sole official currency again. However, the government maintains a plan to purchase roughly 1 Bitcoin daily, holding approximately 7,730 BTC as of July 27.
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