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Venezuela on edge
as Maduro unveils raft of economic reforms
By: Yoel Minkoff, SA News Editor, Aug. 19, 2018 4:29 AM ET
Ahead of a major currency overhaul on Monday, when Caracas will start issuing new banknotes after slashing five zeroes off the crippled bolivar, President Maduro detailed other measures he hopes will pull Venezuela out of crisis.
They include hiking the minimum wage by over 3,000%, boosting the corporate tax rateand increasing highly-subsidized gas prices in coming weeks.
"I want the country to recover and I have the formula. Trust me," he said in a nighttime speech broadcast on state television.
Main article on Yahoo
Esteban ROJAS, Alexander MARTINEZ, AFP, August 18, 2018
Кухарка, управляющая государством.
By: Yoel Minkoff, SA News Editor, Aug. 19, 2018 4:29 AM ET
Ahead of a major currency overhaul on Monday, when Caracas will start issuing new banknotes after slashing five zeroes off the crippled bolivar, President Maduro detailed other measures he hopes will pull Venezuela out of crisis.
They include hiking the minimum wage by over 3,000%, boosting the corporate tax rateand increasing highly-subsidized gas prices in coming weeks.
"I want the country to recover and I have the formula. Trust me," he said in a nighttime speech broadcast on state television.
Main article on Yahoo
Esteban ROJAS, Alexander MARTINEZ, AFP, August 18, 2018
Кухарка, управляющая государством.