Current:Home > reviewsThe cost of a dollar in Ukraine -AssetLink
The cost of a dollar in Ukraine
View
Date:2025-04-16 10:04:01
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! (8366)
Related
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- Rudy Giuliani sued by former lawyer, accused of failing to pay $1.36 million in legal bills
- Colorado State DB receives death threats for hit on Colorado's Travis Hunter
- Why Alabama's Nick Saban named Jalen Milroe starting quarterback ahead of Mississippi game
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- FCC judge rules that Knoxville's only Black-owned radio station can keep its license
- U2 shocks Vegas fans with pop-up concert on Fremont Street ahead of MSG Sphere residency
- Historic banyan tree in Maui shows signs of growth after wildfire
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- Ex-Indiana substitute teacher gets 10 months in prison for sending hoax bomb threats to schools, newspaper
Ranking
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- How a rural Alabama school system outdid the country with gains in math
- Taylor Swift and Barbie’s Greta Gerwig Have a Fantastic Night Out With Zoë Kravitz and Laura Dern
- Does Colorado QB Shedeur Sanders need a new Rolls-Royce? Tom Brady gave him some advice.
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- How Meghan Markle Ushered In a Bold New Fashion Era at 2023 Invictus Games
- 2020 Biden voters in Pennsylvania weigh in on Hunter Biden, Biden impeachment inquiry
- Phoenix racetrack to end live racing, which means its OTB sites will close
Recommendation
Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
From London, Pakistan’s former Prime Minister Nawaz Sharif blames ex-army chief for his 2017 ouster
Hitmaker Edgar Barrera leads the 2023 Latin Grammy nominations
Colombia’s president has a plan for ‘total peace.’ But militias aren’t putting down their guns yet
Questlove charts 50 years of SNL musical hits (and misses)
Barbie is nearly in the top 10 highest-grossing films in U.S. after surpassing The Avengers at no. 11
Michigan State to fire football coach Mel Tucker amid sexual harassment investigation
Marilyn Manson sentenced to 20 hours community service, fined for blowing nose on videographer