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How Has Venezuela Invasion Affected RuneScape Economy?

This article briefly explores the effect on the recent turmoil in Venezuela has effected to gold-farming in Runescape

Runescape

With the recent overnight raid of Venezuela by the United States leading to the capture of now former President  Nicolás Maduro and his wife, Cilia Flores, the country in a state of both optimism and uncertainty.

This has also effected the video game industry with one major impact being on the RuneScape economy. For those unaware, most gold farmers within the popular MMORPG are based out of Venezuela. This is due to the exchange rate for in-game gold to U.S. Dollars as well as the game’s ability to run on basic computers. Some who farm for 10 hours a day in RuneScape can earn as much as 2-weeks salary for the average Venezuelan. If you would like to see a more detailed explanation you can view SirPugger’s video down below:

Since January 3, there has been a huge drop in the amount of items being traded has dropped significantly and has affected prices of items across the board. Just in the past week, the amount of items being traded dropped on an average of 70%, but has rebounded later on in the week as gold farmers have gotten back to work and others seeing this as a money-making opportunity on the black market.

We’ve made a short list comparing some popular items’ prices from January 3 to our publishing date of January 10.

Price (January 3)Price (Current)Amount Traded (Jan 3)Amount Traded (Current)
Lobster178gp173gp8.226M5.496M
Coal197gp217gp109M79M
Yew Logs185gp195gp65.7M70.8M
Abyssal Whip1.406m1.392M15,95712,628
Zulrah’s Scales223gp209gp110M123M
Gold Ore101gp101gp66.7M47.3M
Steel Cannonball219gp214gp206.5M160.9M
Green Dragonhide1,185gp1,259gp14.182M9.87M
Shark704gp647gp22.849M15.76M

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