Archive for the ‘foreign exchange’ Tag

The cost of a dollar in Ukraine

03/30/23, The Indicator (08:41)

Link: https://www.npr.org/2023/03/30/1167044819/the-cost-of-a-dollar-in-ukraine

Instructors: Click here for link to Teaching Ideas for this episode

Summary: The central bank of Ukraine has been working hard to maintain macroeconomic stability in face of extreme conditions. One of their jobs is maintaining a stable currency (hryvnia) as the expensive war wages on. We see how the exchange rate impacts a woman trying to supply crucial medicine to Ukrainians. Students get practice with exchange rate conversions in this setting.

Posted April 4, 2023 by ishanitewari in International economics, Production costs

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