New salary increase starts on 1 September

August 19, 2018 11:19 PM
Updated on August 19, 2018 23:42

The president of Venezuela, Nicolás Maduro, reported Sunday that the new salary increase of 1,800 sovereign Bolivars will take effect on 1 September.

Through a broadcast by Facebook Live, in the company of Delcy Rodríguez, Vice President of the Republic, Maduro explained that on 7 September the first payment of the salary, the second payment on the 15th and from 30 September the payment will be Normal of the fortnight.

This Monday, August 20, circulates the new coin cone, the Bolivar Sovereign (Bs S), whose value will be "anchored to petro", the cryptocurrency created by the Venezuelan government.

In this context, he recalled that, before setting the new minimum wage, the executive would assume the wage gap of small, medium-sized and private companies for 90 days.

From Monday, these sectors can provide payrolls. "I have the means, I have given the Minister of Finance, Simon Zerpa, the assignment to receive the payrolls of all sectors from tomorrow, I pay them 90 days so they do not have the excuse to raise the prices," he said. .

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