ME News reports that on July 28 (UTC+8), El Salvador’s two major opposition parties have officially nominated candidates for the February 2027 presidential election: the Nationalist Republican Alliance (ARENA) has nominated former congresswoman Maytee Iraheta, and the Farabundo Martí National Liberation Front (FMLN) has nominated physician and labor leader Rafael Aguirre. Both candidates have explicitly opposed Bukele’s Bitcoin strategy, labeling it a fiscal failure. Bukele currently enjoys a 94% approval rating, and his New Ideas party has already completed its nomination. El Salvador revoked Bitcoin’s legal tender status in February 2025 following a $1.4 billion loan agreement with the IMF, reinstating the U.S. dollar as the sole official currency; however, the government continues its daily purchase of approximately one Bitcoin, holding around 7,730 BTC as of July 27. (Source: ODAILY)
Salvadoran opposition parties nominate 2027 presidential candidates opposed to Bukele’s Bitcoin strategy
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Summary
As reported by MetaEra, on July 28, 2026, El Salvador’s two major opposition parties—the National Republican Alliance (ARENA) and the Farabundo Martí National Liberation Front (FMLN)—announced their candidates for the 2027 presidential election. ARENA selected former MP Maytee Iraheta, while FMLN chose physician and union leader Rafael Aguirre. Both candidates oppose President Bukele’s Bitcoin strategy, labeling it a fiscal misstep. Bukele, who enjoys a 94% approval rating, has already nominated his own candidate. In February 2025, following the approval of a $1.4 billion IMF loan, El Salvador revoked Bitcoin’s legal tender status and reverted to the U.S. dollar as its official currency. The government continues to purchase one Bitcoin daily and held approximately 7,730 BTC as of July 27, 2026. The approval of spot Bitcoin ETFs in the United States has shifted global investor sentiment, influencing how Latin American nations perceive digital assets.
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