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November 12, 2024
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CBST: “The dollar is growing and the CVG is not taking actions to counteract it”

CBST: “The dollar is growing and the CVG is not taking actions to counteract it”

According to information provided by the Block of Retiree Associations of CVG, the payment of the November food card will be made with an exchange rate of 47.71 dollars to compensate for the economic detriment caused by the rise in the price of the dollar

Author: Francesca Díaz/ Caroní Mail


The president of the Bolivarian Socialist Workers’ Central (CBST), Pedro Perales, questioned at a press conference the payment of the food card delivered by the Venezuelan Corporation of Guayana (CVG) to the personnel of basic companies.

Perales expressed that workers have lost up to $30 in benefits over the last two months due to the rise in the price of the dollar. At the same time, he pointed out that the CVG is not taking actions to counteract the situation.

«The issue of the food card is very important to discuss. In Caracas we managed to consolidate some efforts to reach an agreement. We are proposing that the food benefit, that is, the payment for the card they call the red one, be 200 dollars for now. They started a plan to give a $100 card, well, at this moment, when they are talking about increasing the card, what we see is a deterioration. This is a result of the fact that when they pay for the card, on the 16th of each month, it comes with a removed expense, practically, devalued because the wild dollar is growing and the CVG is not taking actions to counteract that issue,” Perales pointed out.

*Read also: CVG Venalum violates regulations of the LOT and Lopcymat

Since the month of October, Caroní Mail received the complaint that the food card payment corresponding to that period was paid at an exchange rate lower than that offered by the Central Bank of Venezuela (BCV), which translated into an economic loss for the worker.

«They say about the CVG that the card resources are paid 10 days in advance, the load is sent, so that when it arrives the compensation is made. That is not being effective. We propose that these issues be reconsidered, reach an agreement and evaluate this issue. It is not loading as it should be. Right now the dollar is doing enormous damage to our country, so we must all sit down and agree, not impose. The exchange rate in bolivars is already almost 30 dollars what we workers have lost on the card,” the leader emphasized.

The food card is a benefit effective since March 2024 that replaced the food bags delivered for more than 5 years. This benefit, in the first instance, corresponded only to active personnel and retirees; However, during the electoral campaign during his visit to the state of Bolívar, Nicolás Maduro ordered its delivery to personnel qualified as not required, as part of the government’s social policies.

«They owe us practically 30 dollars as of the date of the last two payments on the red card and we do not agree with that, they must index not only the Christmas bonus, but also review the situation of the card. Review so that these amounts do not take away the benefits of the workers. We plan to raise all our complaints since no type of agreement is being reached with the intervening board or with the CVG, because our colleagues are imposing and we are not going to accept that,” alleged the union member.

According to what was expressed in the press conference, they are requesting a meeting with the national Executive to raise these irregularities and find solutions for the worker’s situation.

November at a rate of 47.71

On Friday, an official statement was released by the Block of Associations of Retirees, Pensioners and Survivors of CVG, a group that is in talks with the corporation’s management to obtain Christmas benefits.

In point number 2 of this communication they state that for the payment of the month of November the dollar will be calculated at a rate of 47.71, to compensate for the loss due to the increase in the rate that sets the price of currencies. It is also stated that a significant increase in this benefit is being evaluated for the year 2025.

Point number 4 reports that by February 2025, non-required workers will begin to receive compensation of approximately $65.

On November 9, the BCV rate was 44.70 bolivars per dollar; while the parallel dollar reached 51.80 bolivars.

During a tour of different establishments in the city, it was found that they are changing the dollar – on average – at 49 bolivars. Others, however, have chosen to charge at the price of the euro, thus increasing the cost of the products.

*Read also: Was an increase in the minimum wage to $30 (or equivalent) announced in November 2024?


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