The Russian ruble has been around for over 700 years, but one thing has stayed the same—people just don’t trust it. From tsarist coin debasements to Soviet hyperinflation and the chaos of the 90s, the ruble has been through endless crises. But why is it so unstable, and why do Russians still avoid keeping their savings in rubles? This video explores how wars, revolutions, and economic experiments doomed the ruble to perpetual weakness, and why Russians still don't trust their own money today.
00:00 - Introduction
02:34 - The Ruble’s Origins
05:42 - The Soviet Ruble: Controlled Chaos
08:46 - The Chaotic 1990s
12:06 - Modern Paradox
14:22 - Why Russians Don’t Trust Their Own Currency
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Hey there. Somehow you found my video and decided to watch it. So let me introduce myself. I'm Sergei and I'm from Russia. My channel is about my native country. I want to tell English-speaking viewers about the real Russia, about its past and present. Unfortunately, you can find a lot of propaganda about Russia on the Internet, both from the Russian media and from the Western ones. I want to tell you about Russia, as it really is, the country in which I was born, grew up, and lived all my life.
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