The cost of a dollar in Ukraine

2024-12-25 21:56:25 source:lotradecoin integration category:Contact

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

Recommend

Manager of pet grooming salon charged over death of corgi that fell off table

A manager of a home-based pet grooming salon appeared in a district court on Dec 11 over the death o

Almost 20 Years Ago, a Mid-Career Psychiatrist Started Thinking About Climate Anxiety and Mental Health

In the early years, Dr. Lise van Susteren, a psychiatrist, struggled to find anyone in the therapy c

Almost 20 Years Ago, a Mid-Career Psychiatrist Started Thinking About Climate Anxiety and Mental Health

In the early years, Dr. Lise van Susteren, a psychiatrist, struggled to find anyone in the therapy c