Current:Home > StocksThe cost of a dollar in Ukraine -Legacy Profit Partners
The cost of a dollar in Ukraine
View
Date:2025-04-14 21:26:39
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! (395)
Related
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- Italian opposition demands investigation after hundreds give fascist salute at Rome rally
- Maryland governor signs executive order guiding AI use
- New Hampshire attorney general suggests national Dems broke law by calling primary ‘meaningless’
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- Are eggs good for you? Here's the healthiest way to eat them.
- Ford, Hyundai, BMW among 140,000 vehicles recalled: Check car recalls here
- Arrest warrant issued for Montana man accused of killing thousands of birds, including eagles
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Veteran actress Jodie Foster: I have managed to survive, and survive intact, and that was no small feat
Ranking
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- Florence Pugh Rocks Fierce Faux-Hawk and Nipple-Baring Dress at the 2024 Golden Globes
- Kieran Culkin Shares the Heartwarming Reason for His Golden Globes Shoutout to His Mom
- Jim Harbaugh delivers a national title. Corum scores 2 TDs, Michigan overpowers Washington 34-13
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- Family-run businesses, contractors and tens of thousands of federal workers wait as Congress attempts to avoid government shutdown
- Federal investigators can’t determine exact cause of 2022 helicopter crash near Philadelphia
- BottleRock Napa Valley 2024 lineup: Stevie Nicks, Ed Sheeran among headliners
Recommendation
Former Syrian official arrested in California who oversaw prison charged with torture
Jury selection to begin in trial of man who fatally shot Kaylin Gillis in his driveway
Somaliland’s defense minister resigns over deal to give Ethiopia access to the region’s coastline
California Gov. Gavin Newsom sets date for special election to replace Rep. Kevin McCarthy
Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
Taiwan’s defense ministry issues an air raid alert saying China has launched a satellite
Arrest made in deadly pre-Christmas Florida mall shooting
What are the IRS tax brackets? What are the new federal tax brackets for 2023? Answers here