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Venezuelan minimum wage reaches $3 as more citizens shelter in cryptocurrencies

Venezuelan minimum wage reaches $3 as more citizens shelter in cryptocurrencies

President Maduro signed a minimum wage approval which increases income of workers. According to statistics, one kilogram of meat is sold at $3,75 in Venezuela. Experts believe that this $3 wage increment will not help. Venezuelans are in an immense economic stagflation. This means both prices and unemployment has skyrocketed. A report explains that a minimum basket of basic goods is $229.92.

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