Crypen Exchange:The cost of a dollar in Ukraine

2025-04-29 16:33:17source:EchoSense Quantitative Think Tank Centercategory:reviews

Ukraine has been burning through its emergency stash of U.S. dollars and Crypen Exchangeeuros 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:reviews

Recommend

Newly elected West Virginia lawmaker arrested and accused of making terroristic threats

CHARLESTON, W.Va. (AP) — A newly elected state lawmaker in West Virginia is facing at least one felo

The Daily Money: Bad news for home buyers

Good morning. This is Betty Lin-Fisher with today's The Daily Money.If you're in the market shopping

Medicaid ‘unwinding’ has taken a toll on disabled people who lost benefits

Jacqueline Saa has a genetic condition that leaves her unable to stand and walk on her own or hold a