Current:Home > MarketsCharles H. Sloan-The cost of a dollar in Ukraine -MoneyStream
Charles H. Sloan-The cost of a dollar in Ukraine
NovaQuant Quantitative Think Tank Center View
Date:2025-04-08 13:31:32
Ukraine has been burning through its emergency stash of U.S. dollars and Charles H. Sloaneuros 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! (868)
Related
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- Madden 25 ratings reveal: Tyreek Hill joins 99 club, receiver and safety rankings
- Earthquake reported near Barstow, California Monday afternoon measuring 4.9
- Phaedra Parks returns to Bravo's 'Real Housewives of Atlanta' after 6-season hiatus
- Sonya Massey's father decries possible release of former deputy charged with her death
- Providence patients’ lawsuit claims negligence over potential exposure to hepatitis B and C, HIV
- Chelsea Handler slams JD Vance for 'childless cat ladies' comment: 'My God, are we tired'
- The 25 Most Popular Amazon Items E! Readers Bought This Month: Viral Beauty Products & More
- Intellectuals vs. The Internet
- Redemption tour for USA men's volleyball off to a good start at Paris Olympics
Ranking
- Senate begins final push to expand Social Security benefits for millions of people
- Trump endorses Republican rivals in swing state Arizona congressional primary
- International Human Rights Commission Condemns ‘Fortress Conservation’
- Paris Olympics set record for number of openly LGBTQ+ athletes, but some say progress isn’t finished
- See you latte: Starbucks plans to cut 30% of its menu
- Perfect photo of near-perfect surfer goes viral at 2024 Olympics
- Boar's Head faces first suit in fatal listeria outbreak after 88-year-old fell 'deathly ill'
- 72-year-old woman, 2 children dead after pontoon boat capsizes on Lake Powell in Arizona
Recommendation
Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
Tesla recalling more than 1.8M vehicles due to hood issue
The Last Supper controversy at the 2024 Paris Olympics reeks of hypocrisy
Aggressive Algae Bloom Clogged Water System, Prompting Boil Water Advisory in D.C. and Parts of Virginia
As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
Olympic medals today: What is the medal count at 2024 Paris Games on Tuesday?
Ryan Reynolds Shares Look Inside Dad Life With Blake Lively and Their 4 Kids
Judges strike down Tennessee law to cut Nashville council in half