Current:Home > StocksThe cost of a dollar in Ukraine -Summit Capital Strategies
The cost of a dollar in Ukraine
View
Date:2025-04-16 03:20:09
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! (67849)
Related
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- 'March for Israel' rally livestream: Supporters gather in Washington DC
- Stock market today: Asian shares are mostly higher ahead of US inflation data and a US-China summit
- Retired NASCAR driver Kevin Harvick buys 'Talladega Nights' mansion, better than Ricky Bobby
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- 'Good Burger 2' star Kel Mitchell thanks fans after hospitalization, gives health update
- Virginia House Republicans stick with Todd Gilbert as their leader after election loss
- Tough housing market is luring buyers without kids and higher incomes
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- 3 hunters dead in Kentucky and Iowa after separate shootings deemed accidental
Ranking
- Trump invites nearly all federal workers to quit now, get paid through September
- NBA power rankings: Houston Rockets on the rise with six-game winning streak
- Need a new tax strategy? These money-saving tips taken by Dec 31 may help pad your pockets
- Russia jails an associate of imprisoned Kremlin foe Navalny as crackdown on dissent continues
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- Why Jacob Elordi Is Throwing Shade at Ridiculous Kissing Booth Movies
- Harvest of horseshoe crabs, used for medicine and bait, to be limited to protect rare bird
- Footprints lead rescuers to hypothermic hiker — wearing only a cotton hoodie — buried under snow on Colorado mountain
Recommendation
Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
Donald Trump hung up on Kim Kardashian as she sought his endorsement for clemency plea, book says
Samuel Haskell, Son of Hollywood Agent, Arrested in Murder Case After Female Torso Is Found Near Dumpster
At least four people stabbed at Louisiana Tech University in Ruston; suspect in custody
Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
Ford opens exclusive Bronco Off-Roadeo courses to non-owners for first time
Maryanne Trump Barry, retired federal judge and sister of Donald Trump, dead at 86
Mississippi State fires football coach Zach Arnett after one season