‘World of Warcraft’s’ virtual gold is seven times more valuable than Venezuela’s real money
(CNN)How worthless is the bolivar, Venezuela’s currency? You’d be better off investing in fictional currency from a video game.
The virtual gold in “World of Warcraft,” the online role-playing game, is now almost seven times more valuable than real cash from Venezuela, whose economy is in shambles.
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As the South American country suffers an economic crisis due to extreme inflation, the value of bolivar has cratered.
One US dollar today is worth 68,915 bolivares, according to official rates, but it goes for 690,854 on the black market exchange rate the locals use. The black market rate is considered more trustworthy than the official rate, because the Venezuelan government has lost credibility among many of its people.
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