The Fall of the Soviet Union: Why the Superpower Collapsed — Fexingo History
In 1991, the Soviet ruble was already a shadow of its former self. But in January 1992, days after the USSR formally dissolved, the Russian government unleashed price liberalization — and inflation exploded. Prices rose 245% in January alone. By year's end, the ruble had lost 96% of its value. This episode follows the collapse through the eyes of the ruble: from the 1961 currency reform under Khrushchev, through the black-market exchange rates of the 1980s, to the Pavlovian confiscation of 50- and 100-ruble notes in 1991, and finally the hyperinflation that wiped out the life savings of millions. We look at the Gosbank's failed attempts to control the money supply, the role of the Russian Central Bank under Georgy Matyukhin, and how ordinary Soviets coped: bartering, hoarding, and turning to dollars. The ruble's story is the story of the empire's last breath — and its first gasp of a chaotic new world. #SovietUnion #Ruble #Hyperinflation #Gosbank #PavlovReform #PriceLiberalization #YegorGaidar #GeorgyMatyukhin #Khrushchev #1991 #1992 #RussianCentralBank #BlackMarket #Barter #EconomicCollapse #Perestroika #History #FexingoHistory Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]
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