In many areas of rural Russia after socialism, moonshine serves as a local currency. In this article, I trace the intersecting circuits of moonshine, rubles, labor, and U.S. dollars in a Russian town to outline an approach to exchange that concentrates on the politics of liquidity—conflicts and inequalities rooted in the relative degrees of exchangeability associated with different transactables. I explore emerging axes of stratification after socialism at several junctures: between husbands and wives; among units of extended families; between moonlighters and their employers; and, through an analysis of ruble–dollar exchanges and Russia's “August crisis” of 1998, between rural households and international currency speculators.