DolarToday Venezuela Today, Wednesday, May 11: know here the purchase and sale price

The dollar price in Venezuela according to DolarToday operates this Wednesday in the midst of the government’s announcement of a bonus equivalent to more than US $ 2,200 for some 120,000 retired public employees as of 2018, at the peak of an economic crisis that destroyed the salaries and labor benefits of local people.

Vice President Delcy Rodríguez pointed out that this bonus of 10,000 bolívares (US$ 2,224 at the current exchange rate) applies to all those people in the public sector who retired between January 1, 2018 and May 1, 2022.

Venezuelan President Nicolás Maduro set the minimum wage at US$28 per month in March, after it had fallen below US$2 due to the effects of hyperinflation, the depreciation of the local currency and eight consecutive years of recession before. to rebound 4% in 2021, according to the government.

On the other hand, Maduro assured that his country is prepared to face the impact that the sanctions imposed by the United States and the European Union on Russia may have on the rest of the world, after the Eurasian country’s invasion of Ukraine.

“We are preparing ourselves, we are prepared, I can say, to face the impact of the boomerang effect on the Western and world economy, as a result of the aberrant sanctions against the Russian economy. The sanctions are aberrant, but there is a lot of arrogance in the West, a lot of arrogance”, he said on the state channel Venezolana de Televisión (VTV).

Meanwhile, the Central Bank indicated a few days ago that inflation in March was 1.4%, the lowest variation in a decade.

In addition, in the figures accumulated in the first quarter of this year it reached 11.4%, while the interannual figure (March 2021-March 2022) was 284.4%.

But despite the slowdown of the last six months, prices are still high, which continues to affect the income of families. The minimum wage in the country is equivalent to US$30.

It is the currency that governs the country after the third monetary reconversion that was applied by the Government. The new reconversion implied that for every million sovereign bolívares a digital bolívar would be obtained or, what is the same, six zeros of the amounts previously drawn would be erased.