IBOV 176,615 ▼ 0.70% IPSA 10,929 ▼ 1.15% IPC MEX 66,329 ▼ 0.25% MERVAL 3,262,301 ▼ 0.55% COLCAP 2,307.67 ▲ 0.65% BVL PERÚ 56,917.82 ▲ 0.11% USD/BRL5.12▲ 0.32% USD/MXN17.50▲ 0.14% USD/CLP929.68▲ 0.52% USD/COP3,237▼ 0.27% USD/PEN3.41▲ 0.41% USD/ARS1,486▼ 0.13% USD/UYU 40.22 — 0.00% USD/PYG6,045▼ 0.17% USD/BOB10.35▲ 2.07% USD/DOP58.37▼ 0.19% USD/CRC448.53▼ 0.06% USD/GTQ7.62▼ 0.10% USD/HNL26.73▲ 0.04% USD/NIO 36.62 — 0.00% USD/VES719.54▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▼ 0.25% USD/TTD6.74▼ 0.12% EUR/BRL5.84▲ 0.33% BRENT 79.37 ▲ 4.42% WTI 74.62 ▲ 4.50% IRON ORE 161.91 — — COPPER 6.32 ▲ 1.39% GOLD 4,023 ▼ 1.99% SILVER 58.42 ▼ 2.32% SOY 1,199 ▲ 0.17% CORN 467.50 ▲ 6.74% WHEAT 638.25 ▲ 0.99% COFFEE 327.20 ▼ 4.61% SUGAR 14.63 ▼ 1.68% ORANGE JUICE 141.80 ▼ 4.09% COTTON 81.49 ▲ 1.96% COCOA 5,760 ▼ 2.69% BEEF 236.35 ▲ 0.49% CATTLE 358.28 ▲ 1.04% LITHIUM 70.59 ▼ 2.39% PETR4 40.59 ▲ 2.37% VALE3 73.23 ▼ 1.28% ITUB4 43.80 ▼ 1.13% BBDC4 18.82 ▼ 0.21% ABEV3 15.89 ▲ 0.44% BBAS3 20.35 ▼ 1.12% B3SA3 15.16 ▼ 1.69% WEGE3 44.89 ▼ 3.48% PRIO3 56.16 ▲ 1.28% SUZB3 41.77 ▲ 0.53% RENT3 40.76 ▼ 0.83% AZZA3 18.98 ▼ 0.63% CSAN3 3.98 ▼ 2.21% RAIZ4 0.34 ▼ 2.86% PCAR3 2.63 ▼ 3.66% GMAT3 4.00 ▲ 0.76% PSSA3 54.22 ▼ 1.36% CVCB3 1.24 ▼ 0.80% POSI3 3.92 ▼ 1.26% SLCE3 14.05 ▲ 0.21% NATU3 8.67 ▼ 0.12% BRKM5 6.73 ▲ 1.51% RANI3 7.99 ▼ 0.25% CSNA3 5.29 ▲ 2.12% CMIN3 5.45 ▲ 4.21% USIM5 8.44 ▼ 0.12% GGBR4 23.02 ▲ 0.04% ENEV3 27.19 ▼ 1.31% CPFE3 47.14 ▼ 1.53% CMIG4 11.13 ▼ 2.20% EQTL3 40.30 ▼ 1.49% LREN3 14.47 ▼ 1.03% VIVT3 35.37 ▼ 1.06% RAIL3 14.12 ▼ 1.67% KLABIN 17.61 ▲ 0.40% RAIA DROGASIL 18.44 ▼ 1.76% RDOR3 35.71 ▼ 0.86% HAPV3 10.59 ▼ 0.09% FLRY3 16.27 ▼ 0.91% SMTO3 16.70 ▲ 2.02% UGPA3 30.92 ▲ 0.68% VBBR3 33.21 ▲ 0.64% BBSE3 40.13 ▼ 0.55% BPAC11 58.20 ▼ 0.90% CURY3 33.75 ▼ 1.34% AERI3 2.05 ▼ 1.91% VIVARA 23.32 ▼ 0.89% COMPASS 25.39 ▼ 0.43% VAMOS 3.05 ▼ 0.33% SANB11 27.22 ▼ 1.45% ASAI3 8.79 ▼ 0.90% SBSP3 30.54 ▼ 1.83% WALMEX 49.83 ▲ 1.03% GMEXICO 196.84 ▼ 1.20% FEMSA 225.96 ▲ 1.19% CEMEX 21.82 ▼ 0.18% GFNORTE 184.85 ▼ 0.93% BIMBO 56.36 ▲ 0.46% TELEVISA 9.58 ▼ 1.54% AMX 23.10 ▲ 1.76% GAP 409.86 ▼ 0.63% ASUR 279.62 ▼ 1.93% OMA 232.92 ▼ 1.51% KOF 180.65 ▲ 0.28% GRUMA 283.02 ▼ 0.19% KIMBER 38.23 ▲ 0.42% SQM-B 67,600 ▼ 0.22% COPEC 6,075 ▼ 1.04% BSANTANDER 77.87 ▼ 1.43% FALABELLA 5,934 ▲ 0.49% ENELAM 84.24 ▼ 1.36% CENCOSUD 2,046 ▲ 0.04% CMPC 1,100 ▼ 0.84% BANCO CHILE 185.20 ▼ 1.95% LATAM AIR 25.51 ▼ 2.86% YPF 77,025 ▲ 3.53% GGAL 8,165 ▼ 2.04% PAMPA 5,275 ▲ 1.83% TXAR 666.50 ▼ 0.67% ALUAR 977.50 ▲ 0.21% TGS 9,680 ▲ 0.89% CEPU 2,366 ▼ 1.25% MIRGOR 17,000 ▼ 1.45% COME 45.40 ▼ 1.11% LOMA NEGRA 3,510 ▼ 2.02% BYMA 310.00 ▼ 1.27% TELECOM ARG 4,215 ▼ 0.71% ECOPETROL 15.74 ▲ 1.03% BANCOLOMBIA 81.68 ▼ 1.53% GRUPO AVAL 5.01 ▼ 1.17% CREDICORP 393.71 ▼ 1.77% SOUTHERN COPPER 177.44 ▲ 0.92% BUENAVENTURA 29.87 ▼ 0.45% MERCADOLIBRE 1,880 ▲ 1.49% NUBANK 13.75 ▼ 0.11% XP 16.52 ▼ 2.39% PAGSEGURO 9.39 ▲ 1.46% STONE 11.24 ▲ 0.22% GLOBANT 32.13 ▲ 7.24% TECNOGLASS 42.62 ▼ 2.92% GAP AIRPORT 234.34 ▼ 0.55% ASUR 279.62 ▼ 1.93% OMA AIRPORT 106.24 ▼ 1.66% AMX ADR 26.41 ▲ 1.54% FEMSA ADR 129.50 ▲ 1.44% CEMEX ADR 12.51 ▲ 0.20% PETROBRAS ADR 17.71 ▲ 2.22% VALE ADR 14.26 ▼ 1.38% ITAU ADR 8.53 ▼ 1.10% SANTANDER BR 5.33 ▼ 1.11% AMBEV ADR 3.08 ▲ 0.33% CSN 1.04 ▲ 2.97% GERDAU 4.51 ▲ 0.11% LATAM ADR 54.87 ▼ 2.80% BTC 62,598 ▼ 1.82% ETH 1,777 ▼ 1.62% SOL 75.84 ▼ 1.34% XRP 1.07 ▼ 1.10% BNB 568.41 ▼ 0.97% ADA 0.16 ▼ 1.89% DOGE 0.07 ▼ 0.75% AVAX 6.57 ▲ 2.62% LINK 7.95 ▼ 0.55% DOT 0.84 ▼ 0.74% LTC 43.48 ▼ 1.11% BCH 238.18 ▼ 0.74% TRX 0.33 ▼ 1.59% XLM 0.18 ▼ 1.71% HBAR 0.07 ▼ 1.16% NEAR 1.94 ▲ 2.56% ATOM 1.55 ▼ 1.03% AAVE 95.40 ▼ 1.71% SELIC 14.25% EMBRAER 82.91 ▼ 2.00% EMBRAER ADR 64.72 ▼ 1.95% JBS 11.86 ▼ 0.46% JBS BDR 60.60 ▼ 0.30% MBRF3 15.89 ▲ 2.19% MBRFY 3.05 ▲ 0.99% INTER 5.68 ▼ 2.49% EGX 52,608 ▲ 0.67% USD/ZAR16.40▲ 0.46% USD/NGN1,378▼ 0.05% NIKKEI 67,243 ▼ 1.92% CSI300 4,695 ▼ 1.79% HSI 24,214 ▲ 0.16% NIFTY 24,211 ▲ 0.02% KOSPI 6,807 ▼ 8.95% JCI 6,038 ▲ 1.92% USD/JPY162.35▲ 0.39% USD/CNY6.77▼ 0.13% DAX 25,106 ▲ 0.16% CAC 8,351 ▲ 0.15% FTSE 10,498 — 0.00% MIB 52,738 ▲ 0.24% IBEX 19,343 ▼ 0.21% STOXX 640.73 ▼ 0.06% EUR/USD1.14▲ 0.03% GBP/USD1.34▼ 0.07% SPX 7,549 ▼ 0.35% DJI 52,551 ▼ 0.16% NDX 29,502 ▼ 1.08% RUT 2,964 ▼ 0.47% TSX 35,239 ▼ 0.19% VIX 16.24 ▲ 8.05% USD/CAD1.41▼ 0.13% US10Y 4.6000 ▲ 0.68% IBOV 176,615 ▼ 0.70% IPSA 10,929 ▼ 1.15% IPC MEX 66,329 ▼ 0.25% MERVAL 3,262,301 ▼ 0.55% COLCAP 2,307.67 ▲ 0.65% BVL PERÚ 56,917.82 ▲ 0.11% USD/BRL 5.12 ▲ 0.31% USD/MXN 17.50 ▲ 0.14% USD/CLP 929.68 ▲ 0.52% USD/COP 3,237 ▼ 0.27% USD/PEN 3.41 ▲ 0.41% USD/ARS 1,486 ▼ 0.13% USD/UYU 40.22 — 0.00% USD/PYG 6,045 ▼ 0.17% USD/BOB 10.35 ▲ 2.07% USD/DOP 58.37 ▼ 0.19% USD/CRC 448.53 ▼ 0.06% USD/GTQ 7.62 ▼ 0.10% USD/HNL 26.73 ▲ 0.04% USD/NIO 36.62 — 0.00% USD/VES 719.54 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 0.15% USD/TTD 6.74 ▲ 1.31% EUR/BRL 5.84 ▲ 0.33% BRENT 79.37 ▲ 4.42% WTI 74.62 ▲ 4.50% IRON ORE 161.91 — — COPPER 6.32 ▲ 1.39% GOLD 4,023 ▼ 1.99% SILVER 58.42 ▼ 2.32% SOY 1,199 ▲ 0.17% CORN 467.50 ▲ 6.74% WHEAT 638.25 ▲ 0.99% COFFEE 327.20 ▼ 4.61% SUGAR 14.63 ▼ 1.68% ORANGE JUICE 141.80 ▼ 4.09% COTTON 81.49 ▲ 1.96% COCOA 5,760 ▼ 2.69% BEEF 236.35 ▲ 0.49% CATTLE 358.28 ▲ 1.04% LITHIUM 70.59 ▼ 2.39% PETR4 40.59 ▲ 2.37% VALE3 73.23 ▼ 1.28% ITUB4 43.80 ▼ 1.13% BBDC4 18.82 ▼ 0.21% ABEV3 15.89 ▲ 0.44% BBAS3 20.35 ▼ 1.12% B3SA3 15.16 ▼ 1.69% WEGE3 44.89 ▼ 3.48% PRIO3 56.16 ▲ 1.28% SUZB3 41.77 ▲ 0.53% RENT3 40.76 ▼ 0.83% AZZA3 18.98 ▼ 0.63% CSAN3 3.98 ▼ 2.21% RAIZ4 0.34 ▼ 2.86% PCAR3 2.63 ▼ 3.66% GMAT3 4.00 ▲ 0.76% PSSA3 54.22 ▼ 1.36% CVCB3 1.24 ▼ 0.80% POSI3 3.92 ▼ 1.26% SLCE3 14.05 ▲ 0.21% NATU3 8.67 ▼ 0.12% BRKM5 6.73 ▲ 1.51% RANI3 7.99 ▼ 0.25% CSNA3 5.29 ▲ 2.12% CMIN3 5.45 ▲ 4.21% USIM5 8.44 ▼ 0.12% GGBR4 23.02 ▲ 0.04% ENEV3 27.19 ▼ 1.31% CPFE3 47.14 ▼ 1.53% CMIG4 11.13 ▼ 2.20% EQTL3 40.30 ▼ 1.49% LREN3 14.47 ▼ 1.03% VIVT3 35.37 ▼ 1.06% RAIL3 14.12 ▼ 1.67% KLABIN 17.61 ▲ 0.40% RAIA DROGASIL 18.44 ▼ 1.76% RDOR3 35.71 ▼ 0.86% HAPV3 10.59 ▼ 0.09% FLRY3 16.27 ▼ 0.91% SMTO3 16.70 ▲ 2.02% UGPA3 30.92 ▲ 0.68% VBBR3 33.21 ▲ 0.64% BBSE3 40.13 ▼ 0.55% BPAC11 58.20 ▼ 0.90% CURY3 33.75 ▼ 1.34% AERI3 2.05 ▼ 1.91% VIVARA 23.32 ▼ 0.89% COMPASS 25.39 ▼ 0.43% VAMOS 3.05 ▼ 0.33% SANB11 27.22 ▼ 1.45% ASAI3 8.79 ▼ 0.90% SBSP3 30.54 ▼ 1.83% WALMEX 49.83 ▲ 1.03% GMEXICO 196.84 ▼ 1.20% FEMSA 225.96 ▲ 1.19% CEMEX 21.82 ▼ 0.18% GFNORTE 184.85 ▼ 0.93% BIMBO 56.36 ▲ 0.46% TELEVISA 9.58 ▼ 1.54% AMX 23.10 ▲ 1.76% GAP 409.86 ▼ 0.63% ASUR 279.62 ▼ 1.93% OMA 232.92 ▼ 1.51% KOF 180.65 ▲ 0.28% GRUMA 283.02 ▼ 0.19% KIMBER 38.23 ▲ 0.42% SQM-B 67,600 ▼ 0.22% COPEC 6,075 ▼ 1.04% BSANTANDER 77.87 ▼ 1.43% FALABELLA 5,934 ▲ 0.49% ENELAM 84.24 ▼ 1.36% CENCOSUD 2,046 ▲ 0.04% CMPC 1,100 ▼ 0.84% BANCO CHILE 185.20 ▼ 1.95% LATAM AIR 25.51 ▼ 2.86% YPF 77,025 ▲ 3.53% GGAL 8,165 ▼ 2.04% PAMPA 5,275 ▲ 1.83% TXAR 666.50 ▼ 0.67% ALUAR 977.50 ▲ 0.21% TGS 9,680 ▲ 0.89% CEPU 2,366 ▼ 1.25% MIRGOR 17,000 ▼ 1.45% COME 45.40 ▼ 1.11% LOMA NEGRA 3,510 ▼ 2.02% BYMA 310.00 ▼ 1.27% TELECOM ARG 4,215 ▼ 0.71% ECOPETROL 15.74 ▲ 1.03% BANCOLOMBIA 81.68 ▼ 1.53% GRUPO AVAL 5.01 ▼ 1.17% CREDICORP 393.71 ▼ 1.77% SOUTHERN COPPER 177.44 ▲ 0.92% BUENAVENTURA 29.87 ▼ 0.45% MERCADOLIBRE 1,880 ▲ 1.49% NUBANK 13.75 ▼ 0.11% XP 16.52 ▼ 2.39% PAGSEGURO 9.39 ▲ 1.46% STONE 11.24 ▲ 0.22% GLOBANT 32.13 ▲ 7.24% TECNOGLASS 42.62 ▼ 2.92% GAP AIRPORT 234.34 ▼ 0.55% ASUR 279.62 ▼ 1.93% OMA AIRPORT 106.24 ▼ 1.66% AMX ADR 26.41 ▲ 1.54% FEMSA ADR 129.50 ▲ 1.44% CEMEX ADR 12.51 ▲ 0.20% PETROBRAS ADR 17.71 ▲ 2.22% VALE ADR 14.26 ▼ 1.38% ITAU ADR 8.53 ▼ 1.10% SANTANDER BR 5.33 ▼ 1.11% AMBEV ADR 3.08 ▲ 0.33% CSN 1.04 ▲ 2.97% GERDAU 4.51 ▲ 0.11% LATAM ADR 54.87 ▼ 2.80% BTC 62,598 ▼ 1.82% ETH 1,777 ▼ 1.62% SOL 75.84 ▼ 1.34% XRP 1.07 ▼ 1.10% BNB 568.41 ▼ 0.97% ADA 0.16 ▼ 1.89% DOGE 0.07 ▼ 0.75% AVAX 6.57 ▲ 2.62% LINK 7.95 ▼ 0.55% DOT 0.84 ▼ 0.74% LTC 43.48 ▼ 1.11% BCH 238.18 ▼ 0.74% TRX 0.33 ▼ 1.59% XLM 0.18 ▼ 1.71% HBAR 0.07 ▼ 1.16% NEAR 1.94 ▲ 2.56% ATOM 1.55 ▼ 1.03% AAVE 95.40 ▼ 1.71% SELIC 14.25% EMBRAER 82.91 ▼ 2.00% EMBRAER ADR 64.72 ▼ 1.95% JBS 11.86 ▼ 0.46% JBS BDR 60.60 ▼ 0.30% MBRF3 15.89 ▲ 2.19% MBRFY 3.05 ▲ 0.99% INTER 5.68 ▼ 2.49% EGX 52,608 ▲ 0.67% USD/ZAR 16.40 ▲ 0.32% USD/NGN 1,378 ▲ 0.15% NIKKEI 67,243 ▼ 1.92% CSI300 4,695 ▼ 1.79% HSI 24,214 ▲ 0.16% NIFTY 24,211 ▲ 0.02% KOSPI 6,807 ▼ 8.95% JCI 6,038 ▲ 1.92% USD/JPY 162.31 ▲ 0.40% USD/CNY 6.7683 ▲ 0.02% DAX 25,106 ▲ 0.16% CAC 8,351 ▲ 0.15% FTSE 10,498 — 0.00% MIB 52,738 ▲ 0.24% IBEX 19,343 ▼ 0.21% STOXX 640.73 ▼ 0.06% EUR/USD 1.1403 ▼ 0.14% GBP/USD 1.3379 ▼ 0.14% SPX 7,549 ▼ 0.35% DJI 52,551 ▼ 0.16% NDX 29,502 ▼ 1.08% RUT 2,964 ▼ 0.47% TSX 35,239 ▼ 0.19% VIX 16.24 ▲ 8.05% USD/CAD 1.4138 ▼ 0.10% US10Y 4.6000 ▲ 0.68%
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Latin America Life & Society

Living on US$10 a Month: The Plight of the Venezuelan Military

By · August 28, 2019 · 3 min read

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RIO DE JANEIRO, BRAZIL – The country’s economic situation affects the Bolivarian National Armed Force’s whole structure. Although a small group may receive privileges, they are nothing more than that, only a reduced number for reason of position, rather than rank, have access to the advantages of their work or command position.

What was once a great draw to enter the armed forces has been lost in time and with the crisis, representing one of the main reasons for defecting.
What was once a great draw to enter the armed forces has been lost in time and with the crisis, representing one of the main reasons for defecting. (Photo internet reproduction)
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What was once a great draw to enter the armed forces has been lost in time and with the crisis, representing one of the main reasons for defecting. No matter how many raises there have been in recent years, brutal inflation eats it away, and soldiers are unable to cover the basic food basket with what they earn.

Looking at the wage scale of a Major General, we see that it reaches Bs177,774 (US$10, R$40), which leaves Bs145,000 (US$8) after deductions. When adding the amount deposited by the Savings Bank, they get a little over Bs154,000, plus bonuses. In the case of a Brigadier General, the salary is Bs161,000 (US$9), reduced to Bs135,000 by deductions.

A Colonel earns approximately Bs160,000 (US$9), plus a compensatory bonus of about Bs55,000 and Bs25,000 in food stamps. With the deductions, they get approximately Bs221,000.

In the case of a First Lieutenant, with eight years of seniority, his salary is Bs150,000 (US$8,5). A Staff Sergeant with a twelve-year service earns Bs120,000. A Sergeant earns a total of Bs110,000 (US$6.20).

Venezuelan President Nicolás Maduro and the picture of former President Hugo Chávez.
Venezuelan president Nicolás Maduro and the picture of former President Hugo Chávez. (Photo internet reproduction)

The Social Prevention Institute of the Armed Forces (IPSFA) and military hospitals, particularly the “Dr. Carlos Arvelo” in Caracas, represented for the military the guarantee of social security and safe medical care.

Military hospitals throughout the country were known for their excellent care, medical equipment, and necessary services. That has substantially changed today. In the military hospital of San Cristóbal “Cap (Av) Guillermo Hernández Jacobsen” there are virtually no doctors anymore, even though it is of great significance due to the fact that it is located in the border zone and therefore needs to constantly attend to soldiers who are injured by confrontations and activities typical of the border area.

The Dr. Carlos Arvelo University Military Hospital in Caracas was of such importance that many military doctors from other countries would travel to train there and do postgraduate studies. Today it hardly provides any services to the Venezuelan military, stricken by severe shortcomings.

As for the IPSFA, today, it is not even remotely what it once was. Until a couple of years ago, the military and their families were covered for hospitalization, surgeries, maternity, medicines, and even for serious illnesses. For several years now, given the shortage of drugs, the network of pharmacies that supplied them has not been able to comply with conventions.

Although the armed forces are striving to meet the needs of the low-ranking troops, it is increasingly difficult to prevent them from leaving the institution, resulting in an alarming number of defections and leading Nicolás Maduro to order empty spaces to be filled with Bolivarian militia soldiers.

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