Financial Advice for Retirement, Social Security, IRAs and Estate Planning

Venezuela’s Currency Problem

May 15, 2018

The country’s economic crisis has had many bad effects, and one of them is a steady slide in the value of the currency. This article points out that the bolivar is in such sad shape that a virtual currency from the World of Warcraft online game now is far more valuable.

To put things in perspective, last August, WoW‘s virtual gold was worth just under twice as much as the bolivar. Today, it’s worth nearly seven times as much–and possibly a lot more than that if you consider the black market value.

 

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