A viral video appears to show a man in Russia flinging wads of cash into the air at a shopping mall in light of the country’s currency having taken a nosedive.

The Russian currency began plummetting to a historic low after Russian troops entered Ukraine towards the end of February. With the Ruble now worth about 0.0087 to the US dollar, there are no signs of the currency recovering anytime soon, as the Russian economy struggles under the weight of the long list of global sanctions imposed by other countries.

As the Ruble tanks in value, the video of the man flinging cash into the air emerged, LADbible reported.

“Russian man throwing money in a shopping mall because the ruble is effectively worthless,” read the title of the video that was posted on Reddit.

The man was seen digging into a bag and throwing the notes that fell to the floor like confetti. Although the mall seemed crowded with shoppers, nobody rushed to grab the notes and shove them deep into their pockets, according to Times Now.

The video was flooded with comments on Reddit and was upvoted more than 44,100 times.

“Love how nobody even tries to grab any of it,” one commenter said while another added, “This reminds me of those pictures and illustrations I usually see in history textbooks.”

“This is insane, we’ve had a toilet paper shortage since covid and this dude is chucking it away,” another user joked.

Many Russians feared their savings would disappear overnight as it once did during the 1998 financial crisis, where millions of Russians lost their savings because of soaring inflation and a tanking currency.

"As soon as I saw the ruble nosedive, I rushed to the bank," 75-year-old Natalia Proshina, who used to be a journalist on Soviet-era television, said after the Ruble value took a plunge last month.

Proshina said she rushed to her bank to withdraw her cash "to avoid losing my entire fortune" as she previously did in the year 1998.

"We lost all our money then, including everything my husband had earned abroad," she reportedly said.

"I don't want to play this game with the state any more…” the woman added. “They could declare martial law at any minute and confiscate my savings (for the war effort).”

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Representative image Credit: Pixabay / StockSnap