Current:Home > ScamsThe cost of a dollar in Ukraine -TradeGrid
The cost of a dollar in Ukraine
View
Date:2025-04-18 16:10:13
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! (2492)
Related
- Former Syrian official arrested in California who oversaw prison charged with torture
- Emma Watson Shares Rare Insight Into Her Private Life in Birthday Message
- Love Is Blind's Kyle Abrams Is Engaged to Tania Leanos
- Animal populations shrank an average of 69% over the last half-century, a report says
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Love Is Blind’s Kwame Addresses Claim His Sister Is Paid Actress
- They made a material that doesn't exist on Earth. That's only the start of the story.
- Ready to toss out your pumpkins? Here's how to keep them out of the landfill
- A White House order claims to end 'censorship.' What does that mean?
- Pamper Yourself With an $18 Deal on $53 Worth of Clinique Products
Ranking
- Global Warming Set the Stage for Los Angeles Fires
- FAQ: What's at stake at the COP27 global climate negotiations
- Amber Borzotra Exits The Challenge World Championship Early After Learning She's Pregnant
- Climate Tipping Points And The Damage That Could Follow
- Bodycam footage shows high
- Extreme weather, fueled by climate change, cost the U.S. $165 billion in 2022
- 14 Armenian-Owned Brands to Support Now & Always
- Brittany Mahomes Calls Out Disrespectful Women Who Go After Husband Patrick Mahomes
Recommendation
Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
Woody Harrelson Weighs In on If He and Matthew McConaughey Are Really Brothers
Camila Cabello Shares Glimpse Into Her Coachella Trip After Shawn Mendes Kiss
FAQ: What's at stake at the COP27 global climate negotiations
Retirement planning: 3 crucial moves everyone should make before 2025
Extreme weather, fueled by climate change, cost the U.S. $165 billion in 2022
Animal populations shrank an average of 69% over the last half-century, a report says
Truck makers lobby to weaken U.S. climate policies, report finds