Current:Home > reviewsThe cost of a dollar in Ukraine -LegacyBuild Academy
The cost of a dollar in Ukraine
View
Date:2025-04-16 13:48:50
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! (45568)
Related
- Woman dies after Singapore family of 3 gets into accident in Taiwan
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- Why members of two of EPA's influential science advisory committees were let go
- Senate begins final push to expand Social Security benefits for millions of people
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- B.A. Parker is learning the banjo
- Senate begins final push to expand Social Security benefits for millions of people
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
Ranking
- Former Danish minister for Greenland discusses Trump's push to acquire island
- Meet first time Grammy nominee Charley Crockett
- Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
- Nevada attorney general revives 2020 fake electors case
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
Recommendation
Stamford Road collision sends motorcyclist flying; driver arrested
Biden administration makes final diplomatic push for stability across a turbulent Mideast
South Korean president's party divided over defiant martial law speech
NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
Tree trimmer dead after getting caught in wood chipper at Florida town hall
New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
New data highlights 'achievement gap' for students in the US