The cost of a dollar in Ukraine

2024-12-24 21:36:51 source: category:Contact-us

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.

More:Contact-us

Recommend

1 monkey captured, 42 monkeys still on the loose after escaping research facility in SC

One monkey has been captured after 43 monkeys escaped from Alpha Genesis, a primate research facilit

The dinosaurs died. And then came one of humanity's favorite fruits.

Scientists can now point to when and where the world's first grape came into being, paving the way f

July 4th food deals: Get discounts at Baskin-Robbins, Buffalo Wild Wings, Target, Jimmy John's, more

With this July 4th holiday hitting on a Thursday, many Americans may be looking for bargains and hap