Current:Home > MyThe cost of a dollar in Ukraine -Elevate Profit Vision
The cost of a dollar in Ukraine
Algosensey Quantitative Think Tank Center View
Date:2025-04-06 14:25:14
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
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- Gisele Bündchen says her life is 'liberating' after battling destructive thoughts as a model
- Tigst Assefa shatters women’s marathon world record in Berlin
- WEOWNCOIN: The Security of Cryptocurrency and Digital Identity Verification
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Hollywood writers reach a tentative deal with studios after nearly five month strike
- A trial opens in France over the killing of a police couple in the name of the Islamic State group
- Russian airstrikes kill 2 and wound 3 in southern Ukraine as war enters 20th month
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- When does 'Survivor' start? Season 45 cast, premiere date, start time, how to watch
Ranking
- Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
- Judge asked to decide if Trump property valuations were fraud or genius
- Mega Millions jackpot grows to $205 million. See winning numbers for Sept. 22 drawing.
- Usher Revealed as Super Bowl 2024 Halftime Show Performer and Kim Kardashian Helps Announce the News
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- Toymaker Lego will stick to its quest to find sustainable materials despite failed recycle attempt
- Student loan borrowers face plenty of questions, budget woes, as October bills arrive
- Fight erupts during UAW strike outside Stellantis plant, racial slurs and insults thrown
Recommendation
The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
New Jersey Gov. Phil Murphy calls on Sen. Robert Menendez to resign in wake of indictment
Tentative deal reached to end the Hollywood writers strike. No deal yet for actors
McDonald's faces another 'hot coffee' lawsuit. Severely burned woman sues over negligence
A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
Facial recognition technology jailed a man for days. His lawsuit joins others from Black plaintiffs
Libya’s top prosecutor says 8 officials jailed as part of investigation into dams’ deadly collapse
Hazing lawsuit filed against University of Alabama fraternity