What is happening in Venezuela Economically? impartial information.
Hi dear Steemers.
Yesterday, Venezuelan President Nicolas Maduro announced the new economic measures, which will come into effect on August 20 of this year.
fuente
Among the economic measures announced by the president are:
Change in the monetary cone of the country in which five zeros (0) are subtracted from the current figures, that is, the coins are devalued by a factor of 100,000.
fuenteThe cryptocurrency Petro announced at the beginning of the year by President Nicolas Maduro, will play a fundamental role, since a price proportional to the value of the barrel of
oilhas been set (60 $ - 3600 BsS).Increase in the minimum wage from 5,196,000 Bs to 1,800 BsS which would be 180,000,000 Bs before. The price of salary is directly proportional to the value of means
Petro, that is 3600/2 = 1800BsS.
For example: if the
SBDcosts 4,200,000 Bs, it will now cost 42.0 BsS.
If aCoca Colaof 2Lts costs 8,000,000 Bs now it will cost 80.0 BsS.
BsS =Sovereign Bolivarfrom August 20.
- The government after so long has since opened the price of $, that is, the dollar at the official price went from 188 Bs to 6,000,000 Bs or 60 BsS, which seeks to eliminate the value of the parallel dollar.
Regarding taxes, an increase of the I.V.A. (Value added tax) from 12% to 16%.
I.S.L.R. (Income Tax) 0.5% - 2% monthly as down payment
*Withholdings I.V.A. (Value added tax) weekly.
0 - 2% I.G.T.F. (Tax of large financial transactions).
The president announced a bonus of 600BsS to all the people who possess the "country card".
Sincerely the price of the dollar traders and large industrialists can make cost structures based on a stable and realistic dollar without incurring in financial crime, something not previously possible due to the Law of illicit change, as well as the ridiculous price that remained for years the Venezuelan government.
With the increase in taxes, the government seeks cash flow to withstand the great impact that the new economic measures will have, announcing that starting on Tuesday, government officials will take to the streets to inspect the business to ensure that businesses do not incur speculation, in order to try to curb inflation clumsily and thus ensure that the new wage increase is not devoured by high prices of goods and services. In order to support the businesses, the government announced that for 90 days it would subsidize the payment of the minimum wage, something that has not yet been explained in depth and the mechanism that would be used to control and pay payroll of the companies is not known.
Other measures have been announced such as the increase in gasoline which is expected to have a value of 0.5 BsS or 50,000Bs, which is a huge increase considering that the current cost of gasoline is 6 Bs per liter.
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"country card," is that like party membership card?
It is a card, which the government created, where your socioeconomic information is censored, in order to register in the social assistance programs, and the transportation census and gasoline subsidy, priority of home, and of course the bonds that the government gives ( money given.)
Despite the bad, I can say that at least it is a good design, everything is handled by a QR code that determines your identity that you can scan in the app where you manage what the government assigns you.
this is the "carnet de la patria".
Who has these id cards? Is the purpose of the bonus to encourage people to join this id system? Or is it to reward holders?
there are bonuses for pregnant women, holiday bonuses, vouchers for the disabled, bonuses for the elderly, when a person has a lot of family load also receives another bonus, before this minimum wage increase explained in this post, many people who They received these bonds from their national identity cards, they earned double or triple the money given by the government than in their own salaries. or sometimes you just bond because I provoke the president.
I am not very aware, I have not taken it yet, because I do not trust that system, for me it is like supporting their policies, and I am clearly against it, however many people benefit from this.
But apparently now the gasoline if you have this card will be half the price.
this card, already contains all your data for any governmental entity, and I think that if used in another way, this could be something of the vanguard.
Ok, so it seems to me that the government wants everybody in the system. The benefits seem quite significant. What immediate drawbacks are there? (I'm thinking besides the government controlling your personal data)
In fact many people are registered, much of the country, but coming from a state that has little credibility and a dubious moral this mechanism can serve as a method of control and control of the activities and finances of the inhabitants, also you do not know with certainty all the use that is given to this personal data.
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