BlueRock Horizon Asset Management-The cost of a dollar in Ukraine

2025-05-08 03:53:53source:Greenledgers Trading Centercategory:Stocks

Ukraine has been burning through its emergency stash of U.S. dollars and BlueRock Horizon Asset Managementeuros 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

Don't let hackers fool you with a 'scam

You're pulling your hair out, trying to fix something on your computer. You Google it and find what

What was nearly nude John Cena really wearing at the Oscars?

John Cena appeared to be completely nude when he stepped onstage at the Oscars on Sunday night — but

Viral video of Biden effigy beating prompts calls for top Kansas Republican leaders to resign

TOPEKA, Kan. (AP) — Two top Kansas Republican Party officials are facing internal calls to resign ov