2023-05-01 22:51:00
The salary in Venezuela has not been adjusted since May 2022. At the time that official announcement was made, the amount was equivalent to 30 dollars a month at the BCV rate. However, the abrupt devaluation of the bolivar has pulverized that money with which, to date, covers a kilo of hard cheese
NIcolás Maduro reported this Monday, May 1, that the ticket basket will be increased to 40 dollars and will be indexed to the US currency, at the exchange rate of the Central Bank of Venezuela (BCV).
A $20 “war bond” will also be issued, bringing that income to a total of $60. However, this does not have a salary impact, since the ruler did not make an increase in the minimum wage, which means that, for example, retirees and pensioners will continue to earn 130 bolivars a month, which, at the current exchange rate, is equivalent to $5.25.
According to the pro-government leader, these economic measures are part of “an income resistance plan” that “should lead us sooner rather than later to the recovery of wages under collective conditions, but now we have to resist, and resist forcefully,” He pointed out during a public address from a closing act for the Labor Day march.
The salary in Venezuela has not been adjusted since May 2022. At the time that official announcement was made, the amount was equivalent to $30 per month at the official rate. However, the abrupt devaluation of the bolivar has pulverized that money.
note in development
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