The cost of a dollar in Ukraine

2024-12-26 12:26:44 source:lotradecoin crypto-to-crypto transactions category:My

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:My

Recommend

Shanghai bear cub Junjun becomes breakout star

SHANGHAI — Adoring crowds are flocking to a zoo in Shanghai to watch Junjun, a bear cub just 11 mont

Trump assassination attempt hovers over Republican National Convention | The Excerpt

On Monday’s episode of The Excerpt podcast: The Republican National Convention begins Monday in Milw

Princess Kate attends Wimbledon men's final in rare public appearance amid cancer treatment

Catherine, Princess of Wales, made a rare public appearance amid her cancer treatment to attend the