Playing the game

11 Feb 2014 By Swaha Pattanaik

The oil-rich nation devalued the tenge by nearly a fifth. It makes sense: there’s no reason to use up currency reserves to resist a move that has many advantages and few drawbacks. Stronger countries than Kazakhstan would struggle to avoid the global game of beggar-thy-neighbour.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)