Adil Nurmakov · February, 2009

Latest posts by Adil Nurmakov from February, 2009

Kazakhstan: Devaluation and Blogospghere

  10 February 2009

On February 4, the National Bank of Kazakhstan ceased maintenance of the national currency tenge (KZT). The measures on retention of the overestimated exchange rate during the last 6 months has cost nearly $6 billion, while national currencies in the neighboring countries have dropped down significantly. The new exchange rate...

Kazakhstan: End of private banks

  3 February 2009

Recently, odd things have happened to a number of Kazakh banks and the Kazakh stock market. The spread of ungrounded controversial information sent stocks of three banks plummeting, leading to nationalization of two major private banks. Today, there is little doubt that the action was intentional. There are various hypothetical...

Afghanistan: Presidential Election Delayed

  2 February 2009

Patrick Frost reports that the Independent Election Commission of Afghanistan has decided to postpone the country’s presidential election until August 20th for the reason of registering more voters, setting up the voting machinery, and giving troops more time to bring ‘chaotic’ districts in control.