Current:Home > InvestThe cost of a dollar in Ukraine -Quantum Capital Pro
The cost of a dollar in Ukraine
View
Date:2025-04-19 01:42:02
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! (74)
Related
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- 'They didn't make it': How Ukraine war refugees fell victim to Hurricane Helene
- Why Diddy is facing 'apocalyptic' legal challenges amid 6 new sexual assault civil suits
- Martha Stewart Reveals How She Kept Her Affair A Secret From Ex-Husband Andy Stewart
- Nevada attorney general revives 2020 fake electors case
- Prosecutors will not file criminal charges against 2 people at center of Los Angeles racism scandal
- Jerry Seinfeld retracts claim that the extreme left is ruining comedy: 'It's not true'
- Horoscopes Today, October 16, 2024
- The company planning a successor to Concorde makes its first supersonic test
- Reliving hell: Survivors of 5 family members killed in Alabama home to attend execution
Ranking
- Senate begins final push to expand Social Security benefits for millions of people
- Cynthia Erivo blasts 'deeply hurtful' fan-made 'Wicked' movie poster: 'It degrades me'
- Menendez brothers’ family to push for their release as prosecutors review 1989 case
- Anne Hathaway performs 'Somebody to Love' at Harris event in 'Ella Enchanted' throwback
- Average rate on 30
- NFL MVP rankings: Lamar Jackson outduels Jayden Daniels to take top spot after Week 6
- Dan Lanning all but confirms key Oregon penalty vs. Ohio State was intentional
- Ex-Louisville officer who fired shots in Breonna Taylor raid readies for 3rd trial
Recommendation
'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
Mexico’s former public security chief set to be sentenced in US drug case
Montana Republican Gov. Greg Gianforte to debate Democratic rival
Sydney Sweeney Looks Unrecognizable in Transformation as Boxing Champ Christy Martin
Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
What’s behind the widening gender wage gap in the US?
Emily Osment Reveals Role Brother Haley Joel Osment Had at Her Wedding
US fines Lufthansa $4 million for treatment of Orthodox Jewish passengers on a 2022 flight