Current:Home > MarketsThe cost of a dollar in Ukraine -FundPrime
The cost of a dollar in Ukraine
View
Date:2025-04-17 01:48:43
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! (7633)
Related
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- Food prices worried most voters, but Trump’s plans likely won’t lower their grocery bills
- Dozens indicted over NYC gang warfare that led to the deaths of four bystanders
- Shaun White Reveals How He and Fiancée Nina Dobrev Overcome Struggles in Their Relationship
- Skins Game to make return to Thanksgiving week with a modern look
- Top Federal Reserve official defends central bank’s independence in wake of Trump win
- Gold is suddenly not so glittery after Trump’s White House victory
- More than 150 pronghorns hit, killed on Colorado roads as animals sought shelter from snow
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Man who stole and laundered roughly $1B in bitcoin is sentenced to 5 years in prison
Ranking
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Halle Berry Rocks Sheer Dress She Wore to 2002 Oscars 22 Years Later
- Olympic champion Lindsey Vonn is ending her retirement at age 40 to make a skiing comeback
- Opinion: NFL began season with no Black offensive coordinators, first time since the 1980s
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- Kentucky governor says investigators will determine what caused deadly Louisville factory explosion
- Dick Van Dyke says he 'fortunately' won't be around for Trump's second presidency
- Seattle man faces 5 assault charges in random sidewalk stabbings
Recommendation
Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
Bridgerton's Luke Newton Details His Physical Transformation for Season 3's Leading Role
Powell says Fed will likely cut rates cautiously given persistent inflation pressures
Georgia lawmaker proposes new gun safety policies after school shooting
Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
Bohannan requests a recount in Iowa’s close congressional race as GOP wins control of House
Conviction and 7-year sentence for Alex Murdaugh’s banker overturned in appeal of juror’s dismissal
UFC 309: Jon Jones vs. Stipe Miocic fight card, odds, how to watch, date