MADURO DECREES FIFTH WAGE INCREASE IN WHAT IS OF YEAR.

The announcement was made this Friday during his meeting with the economic cabinet. This is the fifth salary increase decreed in 2018. The new minimum wage will be 1,800 sovereign bolivars, which would be equivalent to 180,000,000 bolívares fuertes. The increase is 5,900% compared to the minimum wage set on June 20 of this year, which was 3,000,000 bolivares fuertes.

"You dollarize the prices, I control the salaries, I have decided to implement a new minimum wage based and anchored in the Petro, that's why I have set the minimum salary for all salary tables Bs 1800 or 0.50 Petros, basis for the salary update, petrolizando salary "indicated Maduro. He added that pensions, which are received by the elderly, will also be located in that figure.

The president pointed out that the new accounting unit, the petro, has a value of 3,600 sovereign bolivars, or 360,000,000 bolívares fuertes, so the salary equals 0.5 petro.

From the Miraflores Palace, the Venezuelan leader indicated that he prepared an Economic Recovery Program in order to set the Petro as a Venezuelan account unit, as an international conversion currency and to place Petro as an anchorage for the entire economy.

The head of state said that in the next 90 days the balance will be sought reevaluador and thus achieve the balance of the prices of goods and services. President Maduro's announcements seek to recover the Venezuelan economy and put an end to the price dollarization system, in order to establish new macroeconomic equilibria.

The head of state said that if the mafias dollarize prices, the Venezuelan government will oil them.

He also announced that from Monday 20 will grant a monetary reconversion bonus of 600 Sovereign Bolivars, to help the adaptation to this economic process.

IN FEW WORDS THE VENEZUELAN SALARY IS PETROLARIZED.

MATURE IN PRESS CONFERENCE, DECLARING NEW SOVEREIGN INCREASE:

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