Read HERE the latest news from Venezuela, the price of the official dollar and the parallel dollar and everything you need to know about the country ruled by Nicolás Maduro. Photo: LR/EFE composition
Venezuela expects national oil production to see “accelerated growth” this year, with a record high of over a million barrels per day (bpd) of crude oil, as reported Petroleos de Venezuela, SA (PDVSA). The Minister of the Region and President of the Oil Company, Pedro Rafael Tellechealed a meeting aimed at reviewing a “strategic plan” for the recovery of production, which was average in November 801,000 bpdas reported by the Organization of the Petroleum Exporting Countries (OPEC).
In addition, the state-owned company assured in a report that last year, despite the “adverse context of the blockade”, it achieved the “stabilization and increase” of its production, which increased by 20% 9.4% compared to January 2023, when it produced on average 732,000 bpdaccording to official information.
Latest news from Venezuela LIVE today, Wednesday, January 17, 2024
Price of the parallel dollar in Venezuela for today, January 17, 2024
The official web portal of @EnParaleloVenezuela updated the price of the US currency to 38.38 for January 17th. Photo: Dollar Monitor/Recording
DolarToday TODAY, Tuesday January 17: Price of the dollar in Venezuela
The web portal DolarToday updated the price per dollar in the lowlands to 38.62.
Photo: DolarToday/capture
A Venezuelan family needs 155 minimum wages to cover basic needs
A Venezuelan family of five needs 155.5 minimum wages to access the family food basket, whose value in December was $531.95, according to estimates published on Monday by the Documentation and Social Analysis Center of the Venezuelan Federation of Teachers (Cendas-FVM). .
The new amount of the food basket for workers
For the food ticket in Venezuela, the new amount will be set at 40 dollars, Maduro announced in his annual message to the National Assembly on January 15. This benefit can be received by employees in the public and private sectors. Nicolás Maduro announced the increase in the indexed minimum income, in which this benefit is legally provided for employees.
Venezuelan opposition calls Maduro's announcement a “mockery”
Venezuela's Democratic Unity Platform (PUD), which unites the majority of the opposition, called President Nicolás Maduro's recent announcement about increasing a bonus that does not generate labor liabilities a “mockery”, while hundreds of public servants took to the streets demanding an increase their salaries. “There was no raise. Nicolás Maduro's message of January 15, 2024 was proof of the total distance from the reality of the country and the suffering of the Venezuelan people, starting his election campaign by making fun of the family,” he said. the alliance in a statement broadcast on X, formerly Twitter.
With information from EFE.
When was the last time salary increased in Venezuela?
According to a report by Venezuelan media El Pitazo, an increase in the minimum wage was last announced in the Official Gazette on March 15, 2022. Almost two years have passed since that date, and at that time the 130 bolivars were about $30. Now it barely reaches four units in US currency.
Photo: LR-Komposition/Gerson Cardoso/EFE
What is the minimum wage 2024 in Venezuela?
Despite the great expectations that have been raised around a possible minimum wage in Venezuela, this income will remain at 130 bolívars per month. This corresponds to 3.6 US dollars, according to the exchange rate of the Central Bank of Venezuela at the time of closing this note.
Cumulative inflation ended 2023 at 189.8%
The cumulative inflation In Venezuela, it closed 2023 at 189.8%, a decrease of 44.2 points compared to 2022 when it reached 234%, the Central Bank (BCV) reported. There was inflation in December 2.4%with which the Caribbean country has recorded a slowdown in the increase in prices of goods and services for three consecutive months, after registering a rate of 3.5% in November and from 5.9% In Octoberaccording to official statistics.
The country managed to reduce their numbers Inflation in 2023which started with an increase 42.1% in January and then 19.3% in February, while the following 10 months saw single-digit rates, the highest of which was 8.7% in September BCV.
Annual Message to the Nation from Nicolás Maduro
Maduro raises the minimum income for civil servants with monthly bonuses to $100
The President of Venezuela, Nicolas Maduroincreased this Monday the monthly bonus that public employees receive in bolivars at the official exchange rate from 30 to 60 dollars, thereby increasing it from 70 to 100 dollars the so-called “indexed comprehensive minimum income” (IMII), which includes a further bonus of $40 but does not generate any employment liabilities.
“I have decided to take the step of raising the minimum indexed total income of workers from 70 dollars to 100 dollars from February 1 (…),” said the head of state, who assured that this was “a first step”. this compensation.
Meanwhile, the minimum wage, the basis for calculating work benefits such as benefits and vacation, remains in place 130 bolivars since March 2022, which corresponds to today 3.6 dollars a month, According to independent estimates, the basic food basket for a family of five is more than $500 per month.
Maduro reports to the National Assembly on his leadership in 2023 and his plans for 2024. Photo: EFE
When accounting before National Assembly (AN)with a strong official majority, Ripe He explained that the IMII is a mechanism created “due to the scarcity of resources” as a result of the “sanctions” against the Caribbean country.
Hundreds of civil servants, including teachers, are on the streets parallel to the head of state's annual report Caracas and several regions on the second day of protests of the year to, among other things, reject “starvation wages” and demand an increase.
“The teacher cannot continue to earn starvation wages,” said Venezuelan Federation of Teachers (FVM) President Carmen Márquez during protests in Caracas today.
According to the FVM, some educators in the public sector earn the minimum salary set by the executive branch, while those at the highest levels earn about $22 a month.
What is the price of BCV dollar today, January 17, 2024?
The Central Bank of Venezuela (BCV) determined a value of E.g. 36.04 for every dollar for today, January 17th.
BCV dollar price TODAY, January 17, 2024. Photo: Twitter / @BCV_ORG_VE