Current:Home > reviewsThe cost of a dollar in Ukraine -Streamline Finance
The cost of a dollar in Ukraine
View
Date:2025-04-16 05:10:58
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! (69)
Related
- What do we know about the mysterious drones reported flying over New Jersey?
- Trump once defied the NRA to ban bump stocks. He now says he ‘did nothing’ to restrict guns
- Deadliest Catch Star Nick Mavar Dead at 59 in Medical Emergency
- New Jersey casino and sports betting revenue was nearly $510 million in May, up 8.3%
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- A 9-year-old boy is fatally shot in Milwaukee, Wisconsin: 'It should not have happened'
- Supreme Court strikes down Trump-era ban on bump stocks for firearms
- Woman fatally struck by police truck on South Carolina beach
- Trump invites nearly all federal workers to quit now, get paid through September
- Relationship between Chargers' Jim Harbaugh, Justin Herbert off to rousing start
Ranking
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- US consumer sentiment falls for third month on concerns about persistent inflation
- Virginia lawmakers to hold special session on changes to military education benefits program
- New coral disease forecast tool shows high risks of summer outbreaks in Hawaii
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- It's the most Joy-ful time of the year! 🥰
- Couples ask judge to find Alabama law that provides legal immunity to IVF providers unconstitutional
- Trevor Lawrence agrees to $275 million extension with Jacksonville Jaguars
Recommendation
Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
Stanley Cup Final Game 3 recap, winners, losers as Panthers take 3-0 lead on Oilers
US consumer sentiment falls for third month on concerns about persistent inflation
Tom Brady’s Kids Jack, Benjamin and Vivian Look All Grown Up in Family Photos
What do we know about the mysterious drones reported flying over New Jersey?
The FAA and NTSB are investigating an unusual rolling motion of a Southwest Airlines Boeing 737 Max
Luke Thompson talks 'Bridgerton's' next season, all things Benedict
Tyson Foods suspends executive John R. Tyson after DWI arrest in Arkansas