In World of Warcraft, the currency Venezuela is a lot less valuable than gold. In fact, one bolivar is worth 621,498 gold, and a dollar is equal to about 16,130 bolivars. As a result, a Venezuelan’s wage is worth only about 1 million bolivars per month. However, this doesn’t mean that you can’t buy gold in the game. There are several ways you can purchase the currency, including purchasing the official Venezuela World of Warcraft guide.
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Venezuela’s economy has collapsed
The crisis in Venezuela has been long-brewing. The Maduro regime has used every dictatorial tactic in the book to suppress dissent, jailing opponents and rigging elections. Even the latest example: the Supreme Court nullified the results of a key governor’s election in Chavez’s home state of Barinas, seemingly handing the opposition victory. The Maduro regime’s economic policies began with gross mismanagement and huge deficit spending that sent Venezuela’s inflation levels over 300,000 percent a year.
In-game gold prices in World of Warcraft have increased in recent months, despite the country’s economic crisis. As of August 2016, a single bolivar was worth approximately 63 cents. In June, the country’s currency will be redenominated, making one current bolivar worth 1,000 new bolivares. As a result, gamers are buying virtual goods to supplement their income.
Venezuela’s currency is less valuable than gold in World of Warcraft
The value of Venezuela’s bolivar in “World of Warcraft” has plummeted, with the country’s currency now worth nearly seven times as much as gold. In August, gold in the game was worth about two times as much as Venezuela’s currency. However, the currency’s value has risen since then, and now it is almost equal to gold in the game.
As the bolivar becomes less valuable globally, it’s becoming harder to buy things with it. In World of Warcraft, a $20 WoW token costs 68,915 bolivars, or around 10,152 gold pieces. In real life, a single dollar is worth more than 200,000 gold, while one bolivar is worth about 69,900 bolivars. Because of these disparities, the currency in Venezuela has been used to farm gold. The president of Venezuela has even created a national crypto-currency, called the tez.
Venezuela’s government has launched a cryptocurrency
While Venezuela is suffering one of its worst economic crises in 45 years, the country has been able to find a way to combat its problems by launching its own cryptocurrency. The bolivar, the country’s currency, has fallen 95 percent against the dollar in just a year, and the country is on a fast track to a currency crisis comparable to Zimbabwe or Germany in the 20th century. As of August 4, the annual inflation rate in Venezuela is 1728 percent. With this rapid inflation, a bolivar is worth less than the gold in World of Warcraft.
In an effort to boost its currency’s value, the government is considering issuing its own virtual currency based on the World of Warcraft game. The virtual gold in WoW is currently worth more than seven times its value in real life. The price of one WoW token is currently listed at 203,035 gold gaming pieces, according to a tracking service. At the time of this writing, one bolivar is worth around 6.8 dollars.
Venezuelans are playing RuneScape
There are several reasons why Venezuelans are playing World of Warcraft. First, the economy is unstable. People can’t afford to buy food, and so playing online games may be the only way to survive. As the economy worsens, this number could increase. Moreover, there are no organizations that can facilitate this kind of money-making opportunity. As a result, multiple organizations have been reaching out to help the country overcome its problems. In one of these efforts, Global Giving imports medical supplies to patients in need and provides daily meals to starving Venezuelans.
Secondly, the economic crisis in Venezuela has impacted the game’s economy. While many people are unemployed, the blackout in 2019 caused a significant decline in the number of people playing World of Warcraft RuneScape. The game’s economy crashed after the blackout, and the prices of items skyrocketed. Meanwhile, Venezuelans are using gold from the game to buy things they need, such as Netflix subscriptions or cellphone plan credits.
