Cryptocurrency Q&A
Why is Kazakhstan currency so low?
Why is Kazakhstan currency so low?
Raffaele
Sun Nov 17 2024
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7 answers
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I'm curious about the reason behind the low value of Kazakhstan's currency. Compared to other countries, it seems to be significantly lower. What factors could be contributing to this?
7 answers
Stefano
Tue Nov 19 2024
This occurred after the government ceased managing the exchange rate.
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ShintoSanctuary
Tue Nov 19 2024
The decision was taken in August 2011.
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Claudio
Tue Nov 19 2024
The main reason behind this move was the declining prices of oil.
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CherryBlossomFalling
Tue Nov 19 2024
The Kazakhstani tenge experienced a significant drop in value.
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CryptoQueen
Tue Nov 19 2024
Oil is Kazakhstan's primary export.
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