Tag Archives: Slipping

Kazakh Tenge Among Worst Performing Currencies in Europe

Market analytics group Forex Club announced this week that Kazakhstan’s tenge is among the least valuable currencies in Europe. While the Kazakh Central Bank blames the depreciation on falling oil prices, analysts say the situation is far more complex and point to systemic mismanagement. From 2014-2015, the tenge suffered a 124% devaluation in relation to [...]
Read more