70 Rubles News Today

Pain on everyday russians that they start to then consider whether or not this is a good idea to have the administration in russia in place and vladimir putin. the reason why i say this, the ruble becomes front and center in currency. lets put it this way. precrisis last fall it cost you 70 rubles to buy one u.s. dollar. that was the exchange rate. earlier today it spiked up to around 110 rubles to buy that same u.s. dollar. now, in essence what that does is in an import/export centric economy l...

Course. there are more problems with russias fragile economy. joining us from our sister network fox businesss lauren simonetti. lauren? >> good to see you, leland. russia is in panic mode. its ruble is collapsing and moscows solution to hike interest rates sharply, 17%, from 10 1/2% yesterday, a huge pop. the hike is encouraging investors to keep money in rubles. the problem is the hike is not collapsing the currency. it is in free fall. one dollar bought you 70 rubles. it brought brought you 3...