Category: L2EU

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Kazakhstan Update: Tokayev Shakes Government to Drive Economic Reforms

On September 1st, President Tokayev delivered his annual address to the nation. Last year, the focus was on political change after the failed coup of January 2022. This year the President wants to use his consolidated power to double GDP by 2029, when his current (and last) term in office is due to finish.

In Context: Ruble Impact

The Kazakh tenge, the Uzbekistan Som, the Kyrgyz Som and the Tajikistan Somoni are all expected to fall (versus the US Dollar) because of ruble contagion.

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