Current:Home > NewsThe cost of a dollar in Ukraine -Wealth Legacy Solutions
The cost of a dollar in Ukraine
View
Date:2025-04-15 19:37:38
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! (3489)
Related
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- Ohio attorney general must stop blocking proposed ban on police immunity, judges say
- Nebraska volleyball coach John Cook's new contract is designed to help him buy a horse
- French prosecutor in New Caledonia says authorities are investigating suspects behind deadly unrest
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- US District Judge Larry Hicks dies after being struck by vehicle near Nevada courthouse
- China to impose controls on exports of aviation and aerospace equipment
- Graceland foreclosure: Emails allegedly from company claim sale of Elvis' home was a scam
- SFO's new sensory room helps neurodivergent travelers fight flying jitters
- NHTSA seeks records from Tesla in power steering loss probe
Ranking
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- Gift registries after divorce offer a new way to support loved ones
- Paramore, Dua Lipa, more celebs call for ceasefire in Israel-Hamas war: 'Cannot support a genocide'
- Selena Gomez reveals she'd planned to adopt a child at 35 if she was still single
- The company planning a successor to Concorde makes its first supersonic test
- Amazon gets FAA approval allowing it to expand drone deliveries for online orders
- Loungefly’s Scary Good Sale Has Disney, Star Wars, Marvel & More Fandom Faves up to 30% Off
- US economic growth last quarter is revised down from 1.6% rate to 1.3%, but consumers kept spending
Recommendation
'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
HECO launches a power shutoff plan aimed at preventing another wildfire like Lahaina
Dolly Parton Says This Is the Secret to Her 57-Year Marriage to Carl Dean
Maradona’s heirs lose court battle to block auction of World Cup Golden Ball trophy
What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
A record-holding Sherpa guide concerned about garbage on higher camps on Mount Everest
US Olympic pairs figure skating coach Dalilah Sappenfield banned for life for misconduct
UN chief cites the promise and perils of dizzying new technology as ‘AI for Good’ conference opens