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Salvadoran Stock Exchange
Stock exchange located in Santa Tecla, La Libertad, El Salvador From Wikipedia, the free encyclopedia
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The Salvadoran Stock Exchange (Spanish: Bolsa de Valores de El Salvador, BVES) is the stock exchange in the nation of El Salvador.[1] The exchange is used for the securitization of various government infrastructure projects. It is overseen by Central Securities Depository (CEDEVAL).
![]() | This article needs to be updated. (June 2024) |
Rolando Duarte is the President, and Valentín Arrieta is the CEO.[2][3][4][5] As of 2009[update], there were 34 companies trading on the exchange, the vast majority in finance or insurance businesses.[6]
A stock market was first established in El Salvador in 1965.[7][8] It was closed on March 26, 1976, due to low levels of activity.[9]
The current stock market was established in April 1992,[6] three months after the Chapultepec Accords brought an end to the Salvadoran Civil War. The market grew from handling U.S. $600 million initially to more than U.S. $3.5 billion in 2011[10] and more than $4.8 billion in 2023.[2]
In 2017, El Salvador and Panama began to integrate their stock markets. Nicaragua joined this project in 2023. From 2017 to 2023, over U.S. $460 million has been traded between the Salvadoran and Panamanian exchanges. Honduras and Guatemala are expected to join this project in the future.[5]
The BVES is a member of the Federación Iberoamericana de Bolsas (FIAB), an organization of stock exchanges in Latin America, Spain, and Portugal.[11] In August 2023, BVES joined the Sustainable Stock Exchanges Initiative.[12]
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