Current:Home > ContactThe cost of a dollar in Ukraine -WealthSphere Pro
The cost of a dollar in Ukraine
View
Date:2025-04-16 14:50:57
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! (3)
Related
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- Judge says former Trump adviser has failed to show Trump asserted executive privilege
- Florida Pummeled by Catastrophic Storm Surges and Life-Threatening Winds as Hurricane Idalia Makes Landfall
- Inmate gives birth alone in Tennessee jail cell after seeking medical help
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- Suspect arrested in connection with deadly shooting at high school football game
- Voters in one Iowa county reject GOP-appointed auditor who posted about 2020 election doubts
- Tampa Bay area gets serious flooding but again dodges a direct hit from a major hurricane.
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- Woman who stabbed grandfather in the face after he asked her to shower is arrested
Ranking
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- After cuts to children's food aid, 4 in 10 poor families are skipping meals, survey finds
- Strongest hurricanes to hit the US mainland and other storm records
- Pregnant woman gives birth alone in Tennessee jail cell
- Don't let hackers fool you with a 'scam
- Watch thousands of octopus moms use underwater 'hot tubs' to protect their nests
- Waffle House index: 5 locations shuttered as Hurricane Idalia slams Florida
- Tennessee woman charged with murder in fatal shooting of 4-year-old girl
Recommendation
Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
Saudi man sentenced to death for tweets in harshest verdict yet for online critics
Top prosecutors from 14 states back compensation for those sickened by US nuclear weapons testing
Woman who stabbed grandfather in the face after he asked her to shower is arrested
Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
Some US airports strive to make flying more inclusive for those with dementia
After Jacksonville shootings, historically Black colleges address security concerns, remain vigilant
3 Albuquerque firefighters accused of raping woman at off-duty gathering