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World of Warcraft Gold Is Worth Nearly Twice Of Venezuela's Real Currency

World of Warcraft Gold Is Worth Nearly Twice Of Venezuela's Real Currency

Posted time: Aug 08,2017

World-Of-WarcraftI-Gold-Is-Now-Twice As-Valuable-As-Venezuela-Real-Currency

Countries in economic recession or facing United Nations sanctions can sometimes see their currencies seriously underestimated in the global market. But what will happen when they become less valuable than trivial online game tokens?

That is what happened with Venezuela's bolivar, which is currently worth less than fake gold in Azeroth, the virtual world in which the World of Warcraft game universe is set.

“KalebPrime”, a Twitter user who claims to be a Venezuelan citizen, pointed out earlier in July that the black market value of the bolivar (widely regarded to be the favourite place for locals to exchange their currency) has been lower than the value of Warcraft’s in-game gold.

Since then, the situation has deteriorated further as the bolivar  slipping to 12,197 per US dollar. Compare with the WoW token, the company's official game currency that you can buy for $ 20 in real cash or with a fluctuating amount of in-game gold. As of Monday morning, one token costs 138,391 gold pieces, which means one dollar is equivalent to 6919.55 in-game gold pieces.

Simply put, the value of Warcraft virtual currency is slightly lower than half of the Venezuelan bolivar. This is unless you take into account the official government exchange rate, which is 9.99 bolivar to one dollar, something locals avoid even though exchanging currency on the black market may lead to a jail sentence.

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