Uploaded March 2025 | Updated September 2026, 2 weeks ago
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
Special thanks to my Patrons:
Mike Pearce, Kirill Klimuk, Ravenghast, Yelizaveta Zakharova, Devon Hodgson, Sarah McMaster, Yuval Carmon, Jason Vanin, Simon Böse, Triskelia, Niels Dowgwillo, Michael, Jordan LaMothe, Petar Ilic, College Russian, Bruce Eternick, Matei, Mhs, Cristina Youngren, AH_KHM, Rodrigo Santos, Martin Velkov
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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.
Free Stock Footage provided by Videvo.net and Videezy.com.
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
Special thanks to my Patrons:
Mike Pearce, Kirill Klimuk, Ravenghast, Yelizaveta Zakharova, Devon Hodgson, Sarah McMaster, Yuval Carmon, Jason Vanin, Simon Böse, Triskelia, Niels Dowgwillo, Michael, Jordan LaMothe, Petar Ilic, College Russian, Bruce Eternick, Matei, Mhs, Cristina Youngren, AH_KHM, Rodrigo Santos, Martin Velkov
If you'd like to support the channel:
💵 Patreon (early access to videos) - patreon.com/setarko
🪙 BTC - bc1qh8szz62crxu9ylg2jx9dz3t6vzzjdw2rheft2m
🪙 ETH - 0x19F11A86adf1ec4DDebEC0f27982805B1d1aba67
🪙 USDT (TRC20) - TYG76yndvrDD8WM9TtkBGauT7682esKZfu
🪙 Other crypto - nowpayments.io/donation/setarko
Links:
Discord - discord.gg/R3j9rKczRm
Twitter - twitter.com/SetarkoYT
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.
Free Stock Footage provided by Videvo.net and Videezy.com.
