Current:Home > InvestThe cost of a dollar in Ukraine -WealthGrow Network
The cost of a dollar in Ukraine
View
Date:2025-04-18 16:10:59
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! (45153)
Related
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- Security guard killed in Portland hospital shooting
- Kelsea Ballerini Struck in the Face By Object While Performing Onstage in Idaho
- Chrissy Teigen Gushes Over Baby Boy Wren's Rockstar Hair
- Why members of two of EPA's influential science advisory committees were let go
- Inside Clean Energy: Vote Solar’s Leader Is Stepping Down. Here’s What He and His Group Built
- Laid off on leave: Yes, it's legal and it's hitting some workers hard
- AI could revolutionize dentistry. Here's how.
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- AI companies agree to voluntary safeguards, Biden announces
Ranking
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- Two Md. Lawmakers Demand Answers from Environmental Regulators. The Hogan Administration Says They’ll Have to Wait
- No, the IRS isn't calling you. It isn't texting or emailing you, either
- Taylor Swift, Keke Palmer, Austin Butler and More Invited to Join the Oscars’ Prestigious Academy
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Can forcing people to save cool inflation?
- Rural Pennsylvanians Set to Vote for GOP Candidates Who Support the Natural Gas Industry
- Dear Life Kit: My boyfriend's parents pay for everything. It makes me uncomfortable
Recommendation
Arkansas State Police probe death of woman found after officer
Inflation eased in March but prices are still climbing too fast to get comfortable
Rural Electric Co-ops in Alabama Remain Way Behind the Solar Curve
Ron DeSantis threatens Anheuser-Busch over Bud Light marketing campaign with Dylan Mulvaney
Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
Black man who says he was elected mayor of Alabama town alleges that White leaders are keeping him from position
The EPA Wants Millions More EVs On The Road. Should You Buy One?
Texas A&M Shut Down a Major Climate Change Modeling Center in February After a ‘Default’ by Its Chinese Partner