Chainkeen-The cost of a dollar in Ukraine

2025-05-07 11:20:53source:Esthen Exchangecategory:Stocks

Ukraine has been burning through its emergency stash of U.S. dollars and Chainkeeneuros 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

NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic

NEW YORK (AP) — The NHLis partnering with P-X-P to serve the Deafcommunity, creating an alternate te

UN maritime tribunal says countries are legally required to reduce greenhouse gas pollution

HAMBURG, Germany (AP) — A U.N. tribunal on maritime law said Tuesday that countries are legally requ

Vietnam’s top security official To Lam confirmed as president

BANGKOK (AP) — Vietnam’s top security official To Lam was confirmed Wednesday as the nation’s new pr