Current:Home > FinanceThe cost of a dollar in Ukraine -ThriveEdge Finance
The cost of a dollar in Ukraine
View
Date:2025-04-19 03:38:43
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! (86)
Related
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Military service academies see drop in reported sexual assaults after alarming surge
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- Could your smelly farts help science?
- Military service academies see drop in reported sexual assaults after alarming surge
- Trump wants to turn the clock on daylight saving time
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
Ranking
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- South Korean president's party divided over defiant martial law speech
- B.A. Parker is learning the banjo
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- The White House is cracking down on overdraft fees
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- Military service academies see drop in reported sexual assaults after alarming surge
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
Recommendation
Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
Former Danish minister for Greenland discusses Trump's push to acquire island
California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
B.A. Parker is learning the banjo
Meta donates $1 million to Trump’s inauguration fund
Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
Trump invites nearly all federal workers to quit now, get paid through September