diff --git a/j2k/src/org/jetbrains/kotlin/j2k/ExpressionConverter.kt b/j2k/src/org/jetbrains/kotlin/j2k/ExpressionConverter.kt
index 88fff47aa95..7f56f809ea8 100644
--- a/j2k/src/org/jetbrains/kotlin/j2k/ExpressionConverter.kt
+++ b/j2k/src/org/jetbrains/kotlin/j2k/ExpressionConverter.kt
@@ -309,6 +309,10 @@ class DefaultExpressionConverter : JavaElementVisitor(), ExpressionConverter {
                 val toIntIsNeeded = value != null && value.toString().toInt() < 0 && !isLongField(expression.parent)
                 text = if (value != null && !isHexLiteral(text)) value.toString() else text + (if (toIntIsNeeded) ".toInt()" else "")
             }
+
+            if (typeStr == "java.lang.String") {
+                text = text.replace("\\$([A-Za-z]+|\\{)".toRegex(), "\\\\$0")
+            }
         }
 
         result = LiteralExpression(text)
diff --git a/j2k/testData/fileOrElement/strings/escapedDollar.java b/j2k/testData/fileOrElement/strings/escapedDollar.java
new file mode 100644
index 00000000000..14435b4d283
--- /dev/null
+++ b/j2k/testData/fileOrElement/strings/escapedDollar.java
@@ -0,0 +1,6 @@
+public class A {
+    private String dollar1 = "$a";
+    private String dollar2 = "$A";
+    private String dollar3 = "${s}";
+    private String dollar4 = "$$";
+}
\ No newline at end of file
diff --git a/j2k/testData/fileOrElement/strings/escapedDollar.kt b/j2k/testData/fileOrElement/strings/escapedDollar.kt
new file mode 100644
index 00000000000..eca9226783b
--- /dev/null
+++ b/j2k/testData/fileOrElement/strings/escapedDollar.kt
@@ -0,0 +1,6 @@
+class A {
+    private val dollar1 = "\$a"
+    private val dollar2 = "\$A"
+    private val dollar3 = "\${s}"
+    private val dollar4 = "$$"
+}
\ No newline at end of file
diff --git a/j2k/tests/org/jetbrains/kotlin/j2k/JavaToKotlinConverterForWebDemoTestGenerated.java b/j2k/tests/org/jetbrains/kotlin/j2k/JavaToKotlinConverterForWebDemoTestGenerated.java
index 2fd2a4b73a6..cbefc2d7565 100644
--- a/j2k/tests/org/jetbrains/kotlin/j2k/JavaToKotlinConverterForWebDemoTestGenerated.java
+++ b/j2k/tests/org/jetbrains/kotlin/j2k/JavaToKotlinConverterForWebDemoTestGenerated.java
@@ -4066,6 +4066,12 @@ public class JavaToKotlinConverterForWebDemoTestGenerated extends AbstractJavaTo
             KotlinTestUtils.assertAllTestsPresentByMetadata(this.getClass(), new File("j2k/testData/fileOrElement/strings"), Pattern.compile("^(.+)\\.java$"), true);
         }
 
+        @TestMetadata("escapedDollar.java")
+        public void testEscapedDollar() throws Exception {
+            String fileName = KotlinTestUtils.navigationMetadata("j2k/testData/fileOrElement/strings/escapedDollar.java");
+            doTest(fileName);
+        }
+
         @TestMetadata("formattedString.java")
         public void testFormattedString() throws Exception {
             String fileName = KotlinTestUtils.navigationMetadata("j2k/testData/fileOrElement/strings/formattedString.java");
diff --git a/j2k/tests/org/jetbrains/kotlin/j2k/JavaToKotlinConverterSingleFileTestGenerated.java b/j2k/tests/org/jetbrains/kotlin/j2k/JavaToKotlinConverterSingleFileTestGenerated.java
index 8fb040e06e7..3484320269d 100644
--- a/j2k/tests/org/jetbrains/kotlin/j2k/JavaToKotlinConverterSingleFileTestGenerated.java
+++ b/j2k/tests/org/jetbrains/kotlin/j2k/JavaToKotlinConverterSingleFileTestGenerated.java
@@ -4066,6 +4066,12 @@ public class JavaToKotlinConverterSingleFileTestGenerated extends AbstractJavaTo
             KotlinTestUtils.assertAllTestsPresentByMetadata(this.getClass(), new File("j2k/testData/fileOrElement/strings"), Pattern.compile("^(.+)\\.java$"), true);
         }
 
+        @TestMetadata("escapedDollar.java")
+        public void testEscapedDollar() throws Exception {
+            String fileName = KotlinTestUtils.navigationMetadata("j2k/testData/fileOrElement/strings/escapedDollar.java");
+            doTest(fileName);
+        }
+
         @TestMetadata("formattedString.java")
         public void testFormattedString() throws Exception {
             String fileName = KotlinTestUtils.navigationMetadata("j2k/testData/fileOrElement/strings/formattedString.java");