The official dollar closed on Monday, February 10 at Bs 60.52. Since May 2023, the official minimum salary is maintained in the country in 130 bolivars ($ 2.14), despite the multiple demonstrations of workers and union organizations, the indicator remains motionless and more and more devalue
The minimum wage every day is reduced a little more in Venezuela with the rise of the official dollar, which reports the Central Bank of Venezuela (BCV). This Monday, February 10, the salary reached only 2.14 dollars.
The official dollar closed on Monday, February 10 at Bs 60.52. Since May 2023, the official minimum salary is maintained in the country in 130 bolivars ($ 2.14), despite the multiple manifestations of workers and union organizations, the indicator remains motionless, while devaluing by the mixture of inflation and of the rise in the exchange market.
The Government promised at the beginning of this year, during accountability, which would improve the entry of workers, however, it did not specify how it would do so, although he said he would maintain the “indexation” scheme, which has actually been Completed only for the payment of Cestatics, because in the case of the minimum wage this is maintained in a fixed amount since almost two years ago.
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The authorities promote a bond policy in recent years, which has displaced the figure of the minimum wage, as established by the Constitution. Through this system the government decreed in May 2024 an economic war bonus of $ 90 and an indexed basket of $ 40which gives an integral income of $ 130, but that has no impact on social benefits.
While the minimum wage loses more value, the basket Food for a family touches the 500 dollars, according to the data of the Social Documentation and Analysis Center of the Venezuelan Federation of Teachers (CENDAS-FVM). The basket is made up of 60 products and in December reached $ 498.47, equivalent to 27,415.70 bolivars.
Several workers’ guilds ask for the amount of the minimum wage since last year. Some propose that the starting amount is 200 dollars, however, the proposal has not been seriously discussed between state, employers and workers.
*Journalism in Venezuela is exercised in a hostile environment for the press with dozens of legal instruments arranged for the punishment of the word, especially the laws “against hatred”, “against fascism” and “against blockade.” This content is being published taking into account the threats and limits that, consequently, have been imposed on the dissemination of information from within the country.
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