Current:Home > ScamsThe cost of a dollar in Ukraine -WealthRoots Academy
The cost of a dollar in Ukraine
View
Date:2025-04-23 21:36:23
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! (5672)
Related
- Retirement planning: 3 crucial moves everyone should make before 2025
- Pope Francis skips scheduled meetings due to a fever, Vatican says
- Why the water in Venice's Grand Canal turned fluorescent green
- Plot to kill Queen Elizabeth II during 1983 San Francisco visit revealed in FBI documents
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- Transcript: Brad Smith, Microsoft president and vice chair, on Face the Nation, May 28, 2023
- The Masked Singer: A Netflix Reality Star and a Beloved Sitcom Legend Get Unmasked
- Chinese fighter jet harassed U.S. Air Force spy plane over South China Sea
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Young Ontario couple killed by landlord over tenancy dispute, police say
Ranking
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Sephora 24-Hour Flash Sale: 50% Off Sunday Riley, Origins, L'Occitane, Grande Cosmetics, and More
- Mama June's Daughter Anna Chickadee Cardwell Diagnosed With Stage 4 Cancer at 28
- Hurricanes vs. typhoons vs. cyclones: What's the difference between the three types of storms?
- Small twin
- Succession Just Made That Ludicrously Capacious Burberry Bag Go Viral
- H&M Teams Up With Tess Holliday to Expand Size-Inclusive Clothing
- Russia issues arrest warrant for Sen. Lindsey Graham
Recommendation
Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
Large, unexploded WWII bomb forces 2,500 to evacuate in Poland
Royal Family Mourns Unexpected Death of Comedian Paul O'Grady
Woman wins chaotic UK cheese race despite being knocked unconscious
Federal hiring is about to get the Trump treatment
Becky G Hits the Red Carpet in Semi-Sheer Dress Amid Fiancé Sebastian Lletget’s Cheating Rumors
These Iconic Blake Lively and Beyoncé Outfits Are Getting the Royal Treatment at Kensington Palace
Kate Spade 24-Hour Flash Deal: This $360 Backpack Is on Sale for $89 and It Comes in 8 Colors