VENEZUELA CRUMBLES: Maduro Boosts MINIMUM WAGE by 3,000%, Says ‘TRUST ME’

Originally published at: https://www.hannity.com/media-room/venezuela-crumbles-maduro-boosts-minimum-wage-by-3000-says-trust-me/

Venezuela’s socialist government took drastic measures this week to help navigate the country through its most recent economic crisis; unveiling new regulations that boost the nation’s minimum wage by 3,000%.

The measure -coupled with slashing five zeros from the Venezuelan currency- aims to boost residents’ purchasing power, with average household items like eggs and paper towels costing millions of Bolivares.

“I want the country to recover and I have the formula. Trust me,” President Maduro told the nation in a primetime address. “We are going to begin a process of recovery in the coming days, weeks and month… It’s a revolutionary formula… unique in the world!”

“The recovery package includes measures such as raising taxes, increasing petrol prices for some drivers, and introducing a rebranded currency – the sovereign bolívar – which will have five fewer zeros than its inflation-stricken predecessor, the bolívar,” writes the Guardian.

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