The expression «long ruble» appeared in Russia at the end of the 19th century. At that time, traders often used rubles in the form of paper bills instead of the coins we are used to at the markets. Since the bills have an oblong shape, unlike round coins, they began to be called «long rubles».
Over time, this expression acquired a figurative meaning. «Long ruble» began to refer to any earnings or income obtained dishonestly, using fraud or deception.
Why does the ruble become «long»?
There are several reasons why the ruble can become «long»:
Corruption. When officials or businessmen use their position to receive bribes or kickbacks, they receive a «long ruble». Such income is not taxed and is often hidden from the state.
Shadow economy. In Russia, a significant part of economic activity is «in the shadows», that is, it is not taken into account by official statistics and is not taxed. Income from such activities can also be called «long ruble».
Fraud. When someone makes money by deception, for example, by creating financial pyramids or selling counterfeit goods, their income is also considered «long ruble».
Speculation. Some people make money on the difference in exchange rates of currencies or securities, using insider information or manipulating the market. Such income can also be classified as «long ruble».
Why is «long ruble» bad?
«Long ruble» is not just a figurative expression, but a real problem for the country’s economy.
Firstly, income obtained dishonestly is not taxed. This means that the state does not receive funds that could go to social needs, infrastructure development, and business support.
Secondly, «long rubles» distort the real picture of the economy. Official statistics do not take into account shadow income, so the authorities can make wrong decisions based on incomplete data.
Thirdly, the pursuit of the «long ruble» demotivates honest business and creates inequality. Those who earn money dishonestly gain a competitive advantage over honest entrepreneurs.
The expression «long ruble» is not just a figure of speech, but a reflection of real economic problems. Corruption, the shadow economy, fraud and speculation lead to part of the income flowing past the state treasury, distorting statistics and undermining the foundations of honest business. Fighting the «long ruble» is a task not only for the authorities, but for the whole society. Only when honest work is more profitable than fraud, our economy will become truly healthy and effective.
