| Earlier this summer, Kazakhstan lost out on claiming Central Asia’s first Olympics, coming up short against Beijing. Now, though, Kazakhstan can boast a new — and far more dubious — honor. According to Bloomberg, Astana now hosts the world’s “most volatile currency,” with fluctuations in Kazakhstan’s tenge outpacing those of Russia’s ruble and Ukraine’s hryvnia to take the dubious title.
While the ruble’s decline has proven steeper than the tenge’s over the past 12 months – a 41 percent drop against a 33 percent drop, respectively – Kazakhstan’s recent currency swings have whipsawed its citizens’ savings...............................................Full Article: Source
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