Current:Home > reviewsThe cost of a dollar in Ukraine -FinanceCore
The cost of a dollar in Ukraine
View
Date:2025-04-13 05:19:11
Ukraine has been burning through its emergency stash of U.S. dollars and euros to buy weapons and supplies ever since Russia invaded. To prevent the stash from emptying out, Ukraine has made it harder for locals to convert their money into dollars.
The result is an underground market for dollars, where street dealers set their own rates. If you want to buy dollars right now, it'll cost you a premium. But if you have U.S. dollars to convert into local currency, you can get a great deal.
Today on the show, one Ukrainian who's getting dollars into the country and using the favorable exchange rate to buy more medicine for Ukrainians near the front lines.
Music by Drop Electric. Find us: Twitter / Facebook / Newsletter.
Subscribe to our show on Apple Podcasts, Spotify, Pocket Casts and NPR One.
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
veryGood! (488)
Related
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- Dying ex-doctor leaves Virginia prison 2 years after pardon for killing his dad
- Serena Williams Shares Clothing Fail Amid Postpartum Weight Loss Journey
- How many points did Caitlin Clark score last night? Not quite enough as Indiana Fever fell to 0-5
- Small twin
- Homeowner's insurance quotes are rising fast. Here are tips for buyers and owners to cope
- New Zealand man filmed trying to body slam killer whale in shocking and stupid incident
- Fate of Missouri man imprisoned for more than 30 years is now in the hands of a judge
- Arkansas State Police probe death of woman found after officer
- Florida attorney general says state will investigate Starbucks for DEI practices
Ranking
- $73.5M beach replenishment project starts in January at Jersey Shore
- Beach vibes, mocktails and wave sounds: Target to try 'immersive' summer spaces in stores
- Political consultant behind fake Biden robocalls faces $6 million fine and criminal charges
- Inter Miami beats out Super Bowl, Stanley Cup, World Series champs for sports business award
- Trump wants to turn the clock on daylight saving time
- NBA great Dwyane Wade launches Translatable, an online community supporting transgender youth
- Rodeo star Spencer Wright holding onto hope after 3-year-old son found unconscious in water a mile from home
- Trooper was driving around 80 mph on Vermont interstate before crashing into fire truck, report says
Recommendation
Senate begins final push to expand Social Security benefits for millions of people
Florida attorney general says state will investigate Starbucks for DEI practices
Celine Dion gets candid about 'struggle' with stiff person syndrome in new doc: Watch
Kelly Rowland Breaks Silence on Cannes Red Carpet Clash
Former Syrian official arrested in California who oversaw prison charged with torture
Two rescued after car plunges 300 feet off Arizona cliff, leaving passenger 'trapped upside down'
RHODubai's Caroline Stanbury Defends Publicly Documenting Her Face Lift Recovery
Artist who created Precious Moments figurines depicting teardrop-eyed children dies at the age of 85