Venezuela Bolivar Is Now Worth Less Than Currency in ‘World of Warcraft’

The political crisis in Venezuela extends to the country's plunging currency.

August 2, 2017 12:40 pm

A fictional currency is worth more than real cash in Venezuela.

The Bolivar is worth less than a fake currency used in the popular video game World of Warcraft. Venezuela’s political crisis and soaring inflation have crippled its currency.

Gold in Azeroth, the fictional setting for World of Warcraft, is nearly twice as valuable as Venezuela’s currency, Fortune reports. That’s based on the Bolivar’s black market value, anyway. Citizens prefer the Bolivar’s black market value instead of the government-set rate.

According to DolarToday, which tracks the Bolivar’s black market value, its worth 12,197 per dollar. World of Warcraft gold is priced at 6,482 per dollar.

A Venezuelan opposition activist is backdropped by a burning barricade during a demonstration against President Nicolas Maduro in Caracas, on April 24, 2017. Protesters rallied on Monday vowing to block Venezuela’s main roads to raise pressure on Maduro after three weeks of deadly unrest that have left 21 people dead. Riot police fired rubber bullets and tear gas to break up one of the first rallies in eastern Caracas early Monday while other groups were gathering elsewhere, the opposition said. (Ronaldo Schemidt/AFP/Getty Images)

Although it’s markedly different than the exchange set by Nicolas Maduro’s government, the black market value is one of the most popular ways of exchanging money in Venezuela, according to Fortune. Despite having the largest crude oil reserves in the world, plummeting oil prices and poor financial management have left Venezuela nearly bankrupt.

The U.S. slapped sanctions on President Nicolas Maduro Monday after he created a new political body with wide-ranging powers to support his leftist government. Reuters reports the EU may pass similar sanctions and reject the legitimacy of the election that formed Maduro’s legislative superbody.

The InsideHook Newsletter.

News, advice and insights for the most interesting person in the room.