"It’s Unprecedented": Bank Of New York Freezes $23 Billion In Kazakh Assets
Kazakhstan may have the world's best potassium, but as of today it also has a very big problem, or rather 22.6 billion problems.
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Kazakhstan
Tenge Crashes As Low Oil Prices Take Dramatic Toll On Kazakh Economy
With the lifting of Iran sanctions, the Tenge has crashed 5% to record lows at 377/USD (extending the currencies collapse since the USD-peg was scrapped in August).
Furthermore, as Eurasianet's Joanna Lillis reports oil production is entering a new year of decline this year in Kazakhstan - a dismal omen for a country so heavily reliant on energy exports.