Current:Home > MarketsThe cost of a dollar in Ukraine -Blueprint Wealth Network
The cost of a dollar in Ukraine
View
Date:2025-04-12 18:32:55
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! (922)
Related
- House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
- 87-year-old scores tickets to Super Bowl from Verizon keeping attendance streak unbroken
- As the Northeast battles bitter winter weather, millions bask in warmer temps... and smiles
- Jimmie Johnson, crew chief Chad Knaus join Donnie Allison in NASCAR Hall of Fame
- Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
- Mahomes vs. Allen showdown highlights AFC divisional round matchup between Chiefs and Bills
- Kyte Baby company under fire for denying mom's request to work from preemie son's hospital
- Winter blast in much of U.S. poses serious risks like black ice, frostbite and hypothermia.
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- 'Sky's the limit': Five reasons not to mess with the Houston Texans in 2024
Ranking
- The Daily Money: Spending more on holiday travel?
- Ravens vs. Texans highlights: Lamar Jackson leads Baltimore to AFC championship game
- Score Up to 83% Off Smashbox, Burberry, Clinique, NuFace & More from QVC's Master Beauty Class
- Islanders fire coach Lane Lambert, replace him with Patrick Roy
- 'We're reborn!' Gazans express joy at returning home to north
- Get 86% off Peter Thomas Roth, Tarte, It Cosmetics, Bareminerals, and More From QVC’s Master Beauty Class
- Wayfair lays off over 1,000 employees weeks after CEO told company to 'work longer hours'
- Caffeine in Panera's Charged Lemonade blamed for 'permanent' heart problems in third lawsuit
Recommendation
'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
The Challenge's Ashley Cain Welcomes Baby 2 Years After Daughter's Death
‘Access Hollywood’ tape of Trump won’t be shown to jury at defamation trial, lawyer says
Watch this cowboy hurry up and wait in order to rescue a stranded calf on a frozen pond
Senate begins final push to expand Social Security benefits for millions of people
Pete Buttigieg’s Vision for America’s EV Future: Equitable Access, Cleaner Air, Zero Range Anxiety
Jaafar Jackson shows off iconic Michael Jackson dance move as he prepares to film biopic
Six-legged spaniel undergoes surgery to remove extra limbs and adjusts to life on four paws