Current:Home > MarketsThe cost of a dollar in Ukraine -Ascend Wealth Education
The cost of a dollar in Ukraine
View
Date:2025-04-17 14:32:38
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! (678)
Related
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- Drier Autumns Are Fueling Deadly California Wildfires
- A guide to 9 global buzzwords for 2023, from 'polycrisis' to 'zero-dose children'
- In county jails, guards use pepper spray, stun guns to subdue people in mental crisis
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- As she nursed her mom through cancer and dementia, a tense relationship began to heal
- Garcelle Beauvais Says Pal Jamie Foxx Is Doing Well Following Health Scare
- Bernie Sanders on Climate Change: Where the Candidate Stands
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- West Virginia Said to Be Considering a Geothermal Energy Future
Ranking
- Why members of two of EPA's influential science advisory committees were let go
- More than half of employees are disengaged, or quiet quitting their jobs
- Federal Report Urges Shoring Up Aging Natural Gas Storage Facilities to Prevent Leaks
- Chicago West Hilariously Calls Out Kim Kardashian’s Cooking in Mother’s Day Card
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- Treat Williams, star of Everwood and Hair, dead at 71 after motorcycle crash in Vermont: An actor's actor
- Native American Leaders Decry Increasingly Harsh Treatment of Dakota Access Protesters
- Americans were asked what it takes to be rich. Here's what they said.
Recommendation
Global Warming Set the Stage for Los Angeles Fires
How are Trump's federal charges different from the New York indictment? Legal experts explain the distinctions
The Period Talk (For Adults)
‘Reskinning’ Gives World’s Old Urban Buildings Energy-Saving Facelifts
Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
More than 16 million people bought insurance on Healthcare.gov, a record high
Meet the Country Music Legend Replacing Blake Shelton on The Voice
Native American Leaders Decry Increasingly Harsh Treatment of Dakota Access Protesters