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World Of Warcraft Gold Now Worth More Than Venezuelan Currency

World Of Warcraft Gold Now Worth More Than Venezuelan Currency

Posted time: Aug 01,2017

World-Of-Warcraft-Gold-Now-Worth-More-Than-Venezuelan-Currency

According to the new data, Digital gold from Blizzard's massive multiplayer online game World of Warcraft is worth more than the actual Venezuelan currency, the bolivar.

The continued turmoil and the failure of socialist policy has caused the value of the Venezuelan currency, the bolivar, to tank - sinking to levels lower than the level of video game currency. The US Department of Treasury issued sanctions on Monday against the government of Nicolás Maduro following an election victory the US ambassador to the United Nations, Nikki Haley, called a “sham” and “another step towards dictatorship.”

Venezuela's Twitter user KalebPrime was the first to notice the plummeting value of the bolivar during the onset of riots and mass protests against the Maduro government. He pointed out on July 14 that the bolivar's exchange rate was lower than the exchange rate of the digital currency used in World of Warcraft.

Per Brandon Morse at The Blaze, the new data shows that KalebPrime’s numbers are now out of date, and that the bolivar is worth even less. Dolartoday, which tracks the unofficial value of the bolivar, rates it at 11,185.95 per US dollar - worth 2.6k less than when KalebPrime first made his observations. As Morse pointed out in a 2015 CNN Money article, the bolivar's value hovered around 279 bolivars per dollar. Since then, the currency has been free in freefall.

The Maduro government tried to stop the bleeding with introduction of a new, controlled exchange rate called the Dipro earlier this March, but it didn’t do much as the vast majority of citizens cling to their precious, but increasingly worthless bolivars - the only currency besides US dollars and bitcoins worth anything on the Venezuelan black market.

In contrast, you will only get about 6,500 World of Warcraft gold for every dollar you spend. money. The fluctuating value, per WOWTokenPrices, is based on the in-game trade and associated with the World of Warcraft token, which  costs players $20 each for each. So we can see that the WoW gold is now more worthy than bolivar.

With the full takeover by the Maduro government and their refusal to back down from its failed economics, Venezuela's future is nothing but bleak. Having the value of your currency be worth less than World of Warcraft gold should be enough to prove that socialism always results in failure.
 


 
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