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Commodities Briefing - Categorized | Currencies, Regulatory more

Kazakhstan seen preparing to devalue currency

Posted on 29 January 2009

From Rferl.org: It’s become a familiar story. An oil-fueled boom now rapidly running out of steam as commodity prices plummet. Billions of dollars’ worth of government help for banks struggling in a liquidity crisis.

Foreign loans that were cheap to get in the good times, now increasingly hard to refinance….. Full Article: Source


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