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The minimum wage in Venezuela is Bs. 400,000 per month, including a food bond the total raises up to Bs. 800,000, which is equivalent to about US$0.86 as 26 Nov 2020.
The minimum wage in Venezuela will remain at 130 bolivars per month, which is equivalent to about 3.6 dollars. [10] January 16 – OFAC extends until April 16 the license that prevents the seizure of Citgo by holders of the PDVSA 2020 Bonds. [11]
Real minimum wage in Venezuela has dropped significantly during Maduro's presidency with the minimum wage sinking from approximately $360 per month in 2012 to $31 in March 2015 (applying the weakest legal exchange rate) . [208] At Venezuelan currency black market's values, the minimum wage was just $20 per month. [208]
Minimum wage in the United States This page was last edited on 11 December 2024, at 13:30 (UTC). Text is available under the Creative Commons Attribution ...
The minimum wage in Venezuela dropped significantly in dollar terms during Maduro's presidency. It decreased from about $360 per month in 2012 to $31 per month in March 2015 based on the weakest legal exchange rate. [80] On the Venezuelan currency black market, the minimum wage was only $20 per month. [80]
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The Central Bank of Venezuela said in a statement that the introduction of the new banknotes will "make the payment system more efficient and facilitate commercial transactions." [59] The highest denomination banknote (Bs.S 50,000) is worth US$8 on the black market and is more than the minimum wage of Bs.S 40,000 per month. [59]
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