Current:Home > MarketsThe cost of a dollar in Ukraine-LoTradeCoin
The cost of a dollar in Ukraine
View Date:2025-01-11 08:30:38
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! (5)
Related
- Black, red or dead: How Omaha became a hub for black squirrel scholarship
- Milwaukee hotel workers fired after death of Black man pinned down outside
- Amazon Prime Day presents opportunities for shoppers, and scammers too
- MTV Reveals Chanel West Coast's Ridiculousness Replacement
- Manhattan rooftop fire sends plumes of dark smoke into skyline
- West Virginia, Idaho asking Supreme Court to review rulings allowing transgender athletes to compete
- Former U.S. Rep. Tommy Robinson, who gained notoriety as an Arkansas sheriff, dies at 82
- Computer hacking charge dropped against Miami OnlyFans model accused of killing her boyfriend
- Up to 20 human skulls found in man's discarded bags, home in New Mexico
- Neutral Milk Hotel's Julian Koster denies grooming, sexual assault accusations
Ranking
- Georgia remains part of College Football Playoff bracket projection despite loss
- Buckingham Palace's East Wing opens for tours for the first time, and tickets sell out in a day
- Seattle man sentenced to 9 years in federal prison for thousands of online threats
- In a boost for consumers, U.S. inflation is cooling faster than expected
- Jason Kelce Offers Up NSFW Explanation for Why Men Have Beards
- New York law couldn’t be used to disarm reservist before Maine shooting, Army official says
- Ashley Judd: I'm calling on Biden to step aside. Beating Trump is too important.
- Mother of the ‘miracle baby’ found crawling by a highway faces a murder charge in older son’s death
Recommendation
-
Knicks Player Ogugua Anunoby Nearly Crashes Into Anne Hathaway and Her Son During NBA Game
-
Kim Kardashian Shares Tip of Finger Broke Off During Accident More Painful Than Childbirth
-
You Won't Believe How Many Crystals Adorn Team USA's Gymnastics Uniforms for 2024 Olympics
-
More than 100 people sickened by salmonella linked to raw milk from Fresno farm
-
Louisiana House greenlights Gov. Jeff Landry’s tax cuts
-
'Actions of a coward': California man arrested in killings of wife, baby, in-laws
-
Clean Energy Is Booming in Purple Wisconsin. Just Don’t Mention Climate Change
-
Arizona golf course worker dies after being attacked by swarm of bees