Current:Home > ScamsThe cost of a dollar in Ukraine -Pinnacle Profit Strategies
The cost of a dollar in Ukraine
Benjamin Ashford View
Date:2025-04-09 13:14:52
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! (95)
Related
- Trump invites nearly all federal workers to quit now, get paid through September
- Trump campaign says it's raised $7 million since mug shot release
- Simone Biles prioritizes safety over scores. Gymnastics officials should do same | Opinion
- Trump campaign reports raising more than $7 million after Georgia booking
- Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
- Jacksonville, Florida, shooter who killed 3 people identified
- What to stream this week: Indiana Jones, ‘One Piece,’ ‘The Menu’ and tunes from NCT and Icona Pop
- 88 deaths linked to Canadian self-harm websites as U.K. opens investigation
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Nightengale's Notebook: Cody Bellinger's revival with Cubs has ex-MVP primed for big payday
Ranking
- Woman dies after Singapore family of 3 gets into accident in Taiwan
- A groundbreaking exhibition on the National Mall shows monuments aren't set in stone
- Lionel Messi will miss 'at least' three games this season with Inter Miami, coach says
- Jacksonville, Florida, shooter who killed 3 people identified
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- Lionel Messi will miss 'at least' three games this season with Inter Miami, coach says
- NASCAR playoffs: Meet the 16 drivers who will compete for the 2023 Cup Series championship
- Powell says Fed could raise interest rates further if economy, job market don't cool
Recommendation
Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
Military identifies Marine Corps pilot killed in jet crash near San Diego base
Bad Bunny Spotted Wearing K Necklace Amid Kendall Jenner Romance
Novak Djokovic's results at US Open have been different from other Grand Slams: Here's why
The Daily Money: Spending more on holiday travel?
Illegal logging thrives in Mexico City’s forest-covered boroughs, as locals strive to plant trees
New Maui brush fire forces brief evacuation of Lahaina neighborhood
Liam Payne hospitalized for kidney infection, cancels upcoming concerts: 'Need to rest'