Current:Home > NewsThe cost of a dollar in Ukraine -Visionary Wealth Guides
The cost of a dollar in Ukraine
Charles Langston View
Date:2025-04-08 08:27:31
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! (934)
Related
- 'Most Whopper
- Kentucky to open applications for the state’s medical marijuana business
- Supreme Court rejects Purdue Pharma bankruptcy plan that shielded Sackler family
- Jenni Rivera's children emotionally accept posthumous Hollywood star
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Maryland Gov. Wes Moore says light rail planned for Baltimore
- Debate-watchers in the Biden and Trump camps seem to agree on something. Biden had a bad night
- Wisconsin Elections Commission rejects recall attempt against state’s top Republican
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- The Supreme Court allows emergency abortions in Idaho for now in a limited ruling
Ranking
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- You’ll Be a Sucker for Nick Jonas and Daughter Malti's Adventurous Outing
- Federal Reserve’s preferred inflation gauge shows price pressures easing further
- Meme stock investor Roaring Kitty posts a cryptic image of a dog, and Chewy's stock jumps
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- 2024 Copa America live: Updates, time, TV and stream for Panama vs. United States
- California voters to weigh proposal to ban forced prison labor in state constitution
- Why Simone Biles is 'close to unstoppable' as she just keeps getting better with age
Recommendation
Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
Jury orders NFL to pay nearly $4.8 billion in ‘Sunday Ticket’ case for violating antitrust laws
Knicks see window to play for NBA title and take a swing. Risk is worth it.
Judge stops parents’ effort to collect on $50M Alex Jones owes for saying Newtown shooting was hoax
The company planning a successor to Concorde makes its first supersonic test
Jon Stewart hosts 'The Daily Show' live after presidential debate: When and how to watch.
NTSB Says Norfolk Southern Threatened Staff as They Investigated the East Palestine Derailment
NBA draft first round: Zach Edey, Spurs, France big winners; Trail Blazers (too) loaded