Current:Home > MarketsSignalHub-The cost of a dollar in Ukraine -TradeWisdom
SignalHub-The cost of a dollar in Ukraine
Rekubit View
Date:2025-04-08 17:49:15
Ukraine has been burning through its emergency stash of U.S. dollars and SignalHubeuros 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! (28929)
Related
- Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
- Derek Chauvin to ask U.S. Supreme Court to review his conviction in murder of George Floyd
- Can the World’s Most Polluting Heavy Industries Decarbonize?
- Bethenny Frankel's Daughter Bryn, 13, Is All Grown Up in Rare TV Appearance
- Scoot flight from Singapore to Wuhan turns back after 'technical issue' detected
- Cardi B Calls Out Offset's Stupid Cheating Allegations
- Wife of Gilgo Beach murders suspect Rex Heuermann files for divorce as woman shares eerie encounter with him
- Oppenheimer 70mm film reels are 600 pounds — and reach IMAX's outer limit due to the movie's 3-hour runtime
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- Wife of Gilgo Beach murders suspect Rex Heuermann files for divorce as woman shares eerie encounter with him
Ranking
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- A Controversial Ruling Puts Maryland’s Utility Companies In Charge Of Billions in Federal Funds
- TikTok CEO says company is 'not an agent of China or any other country'
- The FBI raided a notable journalist's home. Rolling Stone didn't tell readers why
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- RMS Titanic Inc. holds virtual memorial for expert who died in sub implosion
- Who are the Hunter Biden IRS whistleblowers? Joseph Ziegler, Gary Shapley testify at investigation hearings
- Stock market today: Global markets mixed after Chinese promise to support economy
Recommendation
What do we know about the mysterious drones reported flying over New Jersey?
Singapore's passport dethrones Japan as world's most powerful
Who are the Hunter Biden IRS whistleblowers? Joseph Ziegler, Gary Shapley testify at investigation hearings
Can banks be sued for profiting from Epstein's sex-trafficking? A judge says yes
Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
It's impossible to fit 'All Things' Ari Shapiro does into this headline
11 horses die in barbaric roundup in Nevada caught on video, showing animals with broken necks
The Best Waterproof Foundation to Combat Sweat and Humidity This Summer