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The Venezuelan president, Nicolás Maduro, announced the increase of a 300% of the minimum wage, which has risen from 4,500 to 18,000 bolivars.
Maduro pointed that his administration will continue to take over the payroll of private companies for prevent this increase to fuel inflation.
"The national minimum wage will be half petro: 18,000 bolivars sovereigns for the working class of Venezuela, "said Maduro during his annual speech to the nation, which he delivered before National constituent assembly (ANC), a forum composed only of government officials and not recognized by many governments.
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With this increase, the minimum wage went from $ 5.22 to $ 20.9 according to the official rate of change, which keeps almost 4,000,000 workers those who perceive it in a situation of extreme poverty according to the United Nations, which instituted $ 1.20 a day the threshold of misery.
He explained that the increase, which will come into force tomorrow, should adapt "automatically" to all the tables of salaries in the public administration, where precisely the minimum wage is the norm.
In addition, he indicated that his government will maintain the payment of the "differential" of the salary in private companies that require it, a plan begun last August and whose duration was estimated for only three months.
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According to Maduro, this measure aims to "take away the excuse" to the entrepreneurs who are increasing, which he described as a "correction factor" of its economic program, is "due to inflation".
In Venezuela, the minimum wage is calculated in "petro medium", a unit of account born as virtual currency with support in a block of the Strip Petrolífera del Orinoco, where are the largest crude oil deposits on the planet, but is now managed as a savings certificate.
The Venezuelan president, who began a new mandate on Thursday whose legitimacy does not recognize opposition and part of the international community, today has raised the petro from 9,000 up to 36,000 bolivars, about 41.75 dollars.
Maduro takes this measure in the middle of the serious crisis that crosses Venezuela and that manifests itself in a generalized deficiency, a hyperinflation that the International Monetary Fund (IMF) plans to close this year in 10,000,000% and the exodus of more than 3,000,000 people
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