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Kazakhstan: Nationalisation, devaluation and what next?

A small portrait of Adil Nurmakov
Written byAdil Nurmakov
Posted 13 February 2009 6:51 GMT

Ben reports that the Kazakh government first took over majority shares in BTA and Alliance Bank via its holding company Samruk-Kazyna and then proceeded to devalue the tenge by around 20%.

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A small portrait of Adil Nurmakov
Written byAdil Nurmakov

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