Current:Home > FinanceThe cost of a dollar in Ukraine-VaTradeCoin
The cost of a dollar in Ukraine
View Date:2025-01-09 10:51:57
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! (5654)
Related
- Charles Hanover: A Summary of the UK Stock Market in 2023
- Boeing withdraws request for safety waiver for the 737 Max 7
- Gisele Bündchen mourns death of mother Vânia Nonnenmacher: 'You were an angel on earth'
- France’s new prime minister vows to defend farmers and restore authority in schools
- NBC's hospital sitcom 'St. Denis Medical' might heal you with laughter: Review
- Taiwan launches spring military drills following presidential election amid China threats
- ChatGPT violated European privacy laws, Italy tells chatbot maker OpenAI
- Some Republican leaders are pushing back against the conservative Freedom Caucus in statehouses
- Nearly 80,000 pounds of Costco butter recalled for missing 'Contains Milk statement': FDA
- Joni Mitchell announces Hollywood Bowl concert, her first LA performance in 24 years
Ranking
- Gold is suddenly not so glittery after Trump’s White House victory
- ACLU warns Supreme Court that lower court abortion pill decisions relied on patently unreliable witnesses
- Inflation further cools in Australia as confidence of ‘soft landing’ grows
- Confusion reigns in Olympic figure skating world over bronze medalist
- ‘Emilia Pérez’ wouldn’t work without Karla Sofía Gascón. Now, she could make trans history
- Anchorage hit with over 100 inches of snow − so heavy it weighs 30 pounds per square foot
- Shannen Doherty gives update, opens up about undergoing 'miracle' breast cancer treatment
- Panthers new coach Dave Canales co-authored book about infidelity, addiction to alcohol, pornography
Recommendation
-
Todd Golden to continue as Florida basketball coach despite sexual harassment probe
-
Man wanted for allegedly killing girlfriend and leaving body at Boston airport is arrested in Kenya
-
4 dead, including Florida man suspected of shooting and wounding 2 police officers
-
Argentinian court overturns Milei’s labor rules, in a blow to his reform plans
-
Appeals Court Affirms Conviction of Everglades Scientist Accused of Stealing ‘Trade Secrets’
-
NASCAR Cup Series 2024 schedule from The Clash and Daytona 500 to championship race
-
Argentinian court overturns Milei’s labor rules, in a blow to his reform plans
-
Sonar shows car underwater after speeding off Virginia Beach pier; no body recovered yet