Current:Home > MarketsThe cost of a dollar in Ukraine -MarketLink
The cost of a dollar in Ukraine
View
Date:2025-04-16 08:53:52
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! (67)
Related
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- A 14-year-old boy is arrested on suspicion of killing parents, wounding sister in California attack
- Pete Davidson and Madelyn Cline Prove They're Going Strong With New York Outing
- Taiwan’s presidential candidates emphasize peace in relations with Beijing
- Trump issues order to ban transgender troops from serving openly in the military
- A 14-year-old boy is arrested on suspicion of killing parents, wounding sister in California attack
- Gypsy Rose marks prison release by sharing 'first selfie of freedom' on social media
- Ex-Trump lawyer Michael Cohen says he unwittingly sent AI-generated fake legal cases to his attorney
- The Best Stocking Stuffers Under $25
- Live updates | Tens of thousands of Palestinians stream into Rafah as Israel expands its offensive
Ranking
- Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
- Arizona judge denies a GOP move to block a voter-approved law for transparent campaign financing
- Kathy Griffin files for divorce from husband of almost 4 years: 'This sucks'
- Maine secretary of state disqualifies Trump from primary ballot
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- New York governor vetoes change to wrongful death statute, nixing damages for emotional suffering
- States set to enact new laws on guns, pornography, taxes and even fuzzy dice
- New movies open on Christmas as Aquaman sequel tops holiday weekend box office
Recommendation
Most popular books of the week: See what topped USA TODAY's bestselling books list
Kathy Griffin files for divorce from husband of almost 4 years: 'This sucks'
For transgender youth in crisis, hospitals sometimes compound the trauma
Afghan refugee in Oregon training flight crash that killed 3 ignored instructor’s advice, NTSB says
The Best Stocking Stuffers Under $25
Ice-fishing 'bus' crashes through ice on Minnesota lake, killing 1 man
'Unimaginable': Long Island police searching for person who stabbed dog 17 times
A woman who burned Wyoming’s only full-service abortion clinic is ordered to pay $298,000