epa06955344 A handout photo made available by the Miraflores Press Office shows Venezuelan President Nicolas Maduro during a mandatory radio and television broadcast in Caracas, Venezuela, 17 August 2018. Maduro increased the minimum wage of the workers by raising it up to a price 35 times higher than the current one, according to the official reference rates in the country. The salary will go up from 5,196,000 bolivars to 180,000,000, an amount that will be expressed in 'sovereign' bolivars, that goes into effect on 20 August, when a reconversion will come into force removing five zeros from the currency.  EPA/MIRAFLORES PRESS HANDOUT  HANDOUT EDITORIAL USE ONLY/NO SALES
President Nicolas Maduro's fiscal strategy has left many baffled and feaful. EPA

Venezuela's new bolivar derided as Maduro insists all is working 'wonderfully'




Energy This Week

Expert analysis on oil & gas renewables and clean energy

      By signing up, I agree to The National's privacy policy
      Energy This Week