Current:Home > FinanceThe cost of a dollar in Ukraine -Zenith Investment School
The cost of a dollar in Ukraine
View
Date:2025-04-17 09:01:09
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! (9551)
Related
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- Pennsylvania’s governor to push for millions in funds for economic development in budget
- Think you might be lactose intolerant? What that means for your future diet.
- Joni Mitchell announces Hollywood Bowl concert, her first LA performance in 24 years
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- Instant bond: Georgia girl with spina bifida meets adopted turtle with similar condition
- See full Super Bowl replays on this free, limited-time streaming channel: How to watch
- Legislative panel shoots down South Dakota bill to raise the age for marriage to 18
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- Former U.S. Sen. Jean Carnahan, the first woman to represent Missouri in the Senate, has died at 90
Ranking
- NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
- Residents of an east Arkansas town have been without water for the past two weeks
- Indiana legislation would add extra verification steps to prove voters are eligible
- Why a Natural Gas Storage Climate ‘Disaster’ Could Happen Again
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Oklahoma governor says he’s not interested in changing from lethal injection to nitrogen executions
- Haiti pushes forward with new program to boost police department overwhelmed by gangs
- The No. 2 leader in the North Carolina House is receiving treatment for cancer
Recommendation
Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
Can Just-In-Time handle a new era of war?
Dan Campbell is wrong. The Lions will rise again. If any questions, he can ask Andy Reid.
Biden will go to Michigan to meet with United Auto Workers members
Tree trimmer dead after getting caught in wood chipper at Florida town hall
House Democrats release new report defending Mayorkas against GOP's sham impeachment effort
Britain's King Charles III discharged from hospital after prostate treatment
Team USA receives Olympic gold medal 2 years after Beijing Games after Russian skater banned