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International Business Times
International Business Times
World

Venezuela's El Dorado, Where Gold Is Currency Of The Poor

Unlike Venezuela's battered currency, gold does not depreciate, and residents of the country's mining town of El Dorado use the precious metal in their daily commerce (Credit: AFP)

In the Venezuelan mining community of El Dorado, the majority of residents carry around gold instead of cards or cash to pay for groceries.

They live in a town named after the mythical City of Gold and untold riches -- but most of them are poor.

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