Venezuela hikes monthly minimum wage by 150% to â¹660
Venezuela's President NicolÃ¡s Maduro has ordered a 150% increase in the monthly minimum wage to 4,500 sovereign bolivars, worth about â¹660 at the black market rate. Maduro has now raised the minimum wage 25 times since he took office in 2013. The OPEC nation is in the midst of its worst-ever economic crisis, with acute shortages of food and medicine.