Wednesday, August 02, 2017

WoW Gold Surpasses Value of Venezuela Currency

When video games get too real: Currency in World of Warcraft is now worth more then the Venezuelan Bolivar.

This is not a joke. Right now a monthly "food bag" is worth about 10,000 Bolivar - you can figure out the math from there. While that seems cheap by our Dollar, in Venezuela, the rate of inflation makes the price moot when minimum wage is $45 USD a month.

Which is why World of Warcraft currency is worth more then the Bolivar. This isn't the first time it's happened. Since President Nicolas Maduro came into power, the economy in Venezuela has been in a constant state of distress. Food shortages have led to increased prices and inflation in the market. Minimum wage has not kept up with the soaring costs. While the government recently passed laws to increase the wage by 60%, Venezuela's inflation is expected to grow up to 720% this year and over 2k% next year. Yikes.  Unfortunately efforts by the government to ease the inflation have been having the opposite effect.

So how much is WoW gold? 10k gold is worth roughly $1.21. 11,185.95 Bolivares is worth $1 on the black market. If you're an effective gold farmer, you could make $14.52 over 12 hours. 7 days a week for 30 days, that's $435.60 - more then the minimum wage in Venezuela. This might be a worth-while venture for those looking for alternate jobs that would provide better pay. While I don't condone the activity of gold farming, when your country is on the brink of famine and you have nothing to lose, at least this would put food on the table.

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