Courtesy of Mish.
I hear various reports of what the hryvnia actually trades for on the black market in Ukraine. I believe the reports, but they come in piece-mail.
Today, I have an actual black market link to share thanks to reader Oleg from Crimea.
In response to Ukrainian Currency Comparison: Budget Rate vs. Official Rate vs. Interbank Rate vs. Street Rate reader Oleg Writes …
Hello Mish!
There’s more to the black exchange rate than meets the eye in Ukraine.
First of all if you use the “legal” currency exchange places you can only exchange up to 3000 hryvnias per day. Then there is an extra tax on the exchange.
None of that applies at the black market of course. Often black market outfits operate from the same official currency exchange kiosks, you just need how an what to ask for.
A number of “online exchanges for people” sprang up where people say how much of what they have and what they ask for it. Of course, such sites are subject to manipulation.
I am from the Crimea originally, and I am grateful it’s no longer at the top of the news.
Oleg
Currency Limits
The official foreign exchange limit is 3000 hryvnias per day, down from 15,000 a year ago. That’s less than $100 a day. That limit is posted in Changes in Currency Control Rules (in English).
The Exchange Tax, not in English, is up from 0.5% to 2.0%. …
