Current:Home > NewsThe cost of a dollar in Ukraine -WealthSync Hub
The cost of a dollar in Ukraine
View
Date:2025-04-14 07:10:51
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! (367)
Related
- A White House order claims to end 'censorship.' What does that mean?
- Grimes' Mom Accuses Elon Musk of Withholding Couple's 3 Kids From Visiting Dying Relative
- How U.S. Olympic women's gymnastics team shattered age stereotype: 'Simone changed that'
- Beyoncé introduces Team USA during NBC coverage of Paris Olympics opening ceremony: Watch
- Grammy nominee Teddy Swims on love, growth and embracing change
- 'Olympics is going to elevate all of us:' Why women's volleyball could take off
- Gold medalist Ashleigh Johnson, Flavor Flav seek to bring water polo to new audience
- Paris Olympics are time to shine for Breanna Stewart, A'ja Wilson: 'We know what's at stake'
- Small twin
- Why USA Volleyball’s Jordan Larson came out of retirement at 37 to prove doubters wrong
Ranking
- Woman dies after Singapore family of 3 gets into accident in Taiwan
- Packers QB Jordan Love ties record for NFL's highest-paid player with massive contract
- Peyton Manning, Kelly Clarkson should have been benched as opening ceremony co-hosts
- Video shows small plane crashing into front yard of Utah home with family inside
- Small twin
- Paris Olympics: Why Fries and Avocados Are Banned in the Olympic Village
- Honda’s Motocompacto all-electric bike is the ultimate affordable pit scooter
- Takeaways from AP’s story on inefficient tech slowing efforts to get homeless people off the streets
Recommendation
Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
Charles Barkley open to joining ESPN, NBC and Amazon if TNT doesn't honor deal
'Alien: Romulus' cast faces freaky Facehuggers at Comic-Con: 'Just run'
Apple has reached its first-ever union contract with store employees in Maryland
Bill Belichick's salary at North Carolina: School releases football coach's contract details
Team USA men's water polo team went abroad to get better. Will it show at Paris Olympics?
Team USA's Haley Batten takes silver medal in women's mountain biking at Paris Olympics
Spoilers! Let's discuss those epic 'Deadpool & Wolverine' cameos and ending