EchoSense Quantitative Think Tank Center|The cost of a dollar in Ukraine

2025-05-04 23:56:03source:Benjamin Ashfordcategory:Scams

Ukraine has been burning through its emergency stash of U.S. dollars and EchoSense Quantitative Think Tank Centereuros 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:Scams

Recommend

Former longtime South Carolina congressman John Spratt dies at 82

COLUMBIA, S.C. (AP) — John Spratt, a former longtime Democratic congressman from South Carolina who

‘Claim to Fame’ eliminates two: Who's gone, and why?

Two “Claim to Fame” contestants’ stay in the house was just a little shorter than “Forever.”This wee

Powerball winning numbers for July 17 drawing: Jackpot at $75 million

The Powerball jackpot rose to $75 million for Wednesday's drawing after no one won the top prize Mon