Venezuela President hikes minimum wage by 60%

  

  Venezuela's President, Nicolas Maduro, has ordered a 60% increase in the country's minimum wage, effective from Monday.
    Including food subsidies, the worst-paid workers will now take home about 200,000 bolivars a month.
   The pay rise is the third this year from President Maduro, and aims to benefit government workers and the military.
   The move comes a month after protests erupted in the country. According to the International Monetary Fund, Venezuela has one of the world's highest inflation rates, which could hit 720% this year.