The cost of a dollar in Ukraine

2024-12-24 09:52:44 source: category:Stocks

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:Stocks

Recommend

Biden EPA to charge first-ever ‘methane fee’ for drilling waste by oil and gas companies

WASHINGTON (AP) — Oil and natural gas companies for the first time will have to pay a federal fee if

Jenny arrives on the Met Gala block: See JLo's dazzling Schiaparelli look

Jenny is back on the block.Jennifer Lopez arrived on 5th Avenue in New York City to the 2024 Met Gal

PGA Championship invites 7 LIV players to get top 100 in the world

The PGA Championship officially has Tiger Woods in a field released Tuesday that includes invitation