“Venezuela Minimum Wage Update: Latest News, Salary Figures, and Analysis”

2023-05-24 15:32:00

KEY MOMENTS

17:32 |

What did Maduro say regarding the salary increase?

President Nicolás Maduro decreed adjustments in the bonuses delivered by the Bolivarian government, but did not announce an increase in the minimum wage, which remains at 130 bolivars per month, the equivalent of $5.25 at the official rate.

13:25 |

How was the minimum wage in Venezuela?

The minimum wage in Venezuela remains at Bs. 130 per month, despite the protests originated in the country due to the unstable economy, a salary increase has not been announced that allows to cover the needs of the population nor the basic food basket.

10:06 |

How much is the minimum wage in Venezuela in dollars?

According to the information provided by the Central Bank of Venezuela (BCV), the minimum wage in Venezuela is equivalent to 6.14 dollars.

10:06 |

How much is the minimum wage in Venezuela 2023?

In a current context, the minimum wage in Venezuela is Bs. 130 per month, according to the last decree promulgated in March 2022.

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