diff --git a/src/extractLoader.js b/src/extractLoader.js
index 947ed37..741bccf 100644
--- a/src/extractLoader.js
+++ b/src/extractLoader.js
@@ -172,7 +172,9 @@ function evalDependencyGraph({loaderContext, src, filename, publicPath = ""}) {
         const extractedContent = extractedDependencyContent.reduce((content, dependencyContent, idx) => {
             const pattern = new RegExp(newDependencies[idx].rndPlaceholder, "g");
 
-            return content.replace(pattern, dependencyContent);
+            // should be callback because dep text could contain $'
+            // https://developer.mozilla.org/en/docs/Web/JavaScript/Reference/Global_Objects/String/replace
+            return content.replace(pattern, () => dependencyContent);
         }, contentWithPlaceholders);
 
         moduleCache.set(filename, extractedContent);
diff --git a/test/extractLoader.test.js b/test/extractLoader.test.js
index 4bad1a9..b09a648 100644
--- a/test/extractLoader.test.js
+++ b/test/extractLoader.test.js
@@ -19,7 +19,14 @@ describe("extractLoader", () => {
             const simpleJs = path.resolve(__dirname, "dist/simple-dist.js");
 
             expect(simpleJs).to.be.a.file();
-            expect(simpleJs).to.have.content("hello");
+            expect(simpleJs).to.have.content("hello$'");
+        }));
+    it("should extract require with dollar sign correctly", () =>
+        compile({testModule: "require-dollar-sign.js"}).then(() => {
+            const simpleJs = path.resolve(__dirname, "dist/require-dollar-sign-dist.js");
+
+            expect(simpleJs).to.be.a.file();
+            expect(simpleJs).to.have.content("first hello$' last");
         }));
     it("should extract resource with query params into simple-css-with-query-param.js", () =>
         compile({testModule: "simple-css-with-query-params.js"}).then(() => {
diff --git a/test/modules/require-dollar-sign.js b/test/modules/require-dollar-sign.js
new file mode 100644
index 0000000..b33bcb8
--- /dev/null
+++ b/test/modules/require-dollar-sign.js
@@ -0,0 +1,2 @@
+/* eslint-disable import/unambiguous */
+module.exports = "first " + require("./simple.js") + " last";
diff --git a/test/modules/simple.js b/test/modules/simple.js
index 35fef2e..06a8f13 100644
--- a/test/modules/simple.js
+++ b/test/modules/simple.js
@@ -1,2 +1,2 @@
 /* eslint-disable import/unambiguous */
-module.exports = "hello";
+module.exports = "hello$'";