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MSNBC Morning Joe February 28, 2022 11:19:00 - Vimarsana News

MSNBC Morning Joe February 28, 2022 11:19:00

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. let's 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 like russia where they have a lot of commodity exports, right -- oil and gas, wheat and grains and t...

MSNBC Andrea Mitchell Reports February 28, 2022 17:20:00 - Vimarsana News

MSNBC Andrea Mitchell Reports February 28, 2022 17:20:00

Investors say geopolitical risks they do abound, and they tend to ease over time. general petraeus mentioned some of the historic levels of financial market turmoil that have happened in russia. i mean, the words being used are, again, historic, collapsed, unprecedented, all of these things, especially when it comes to the currency. that russian ruble weakens to its worst level on record, at one point today, it cost around 110 rubles to buy just one u.s. dollar. to give you some context at the beginning of the year, it cost around 75 rubles to buy the same dollar. that's how weakened the curre...