Kazakhstan has been devaluing it's currency since last month. See the story in the FT for some comments by the Central Bank Chief Kairat Kelimbetov.
Azerbaijan has been doing the same at the beginning of the year, while Saudi Arabia has been running down its reserves. I put some of these series together in a graph (sorry for the overflow to the right).
Azerbaijan has been doing the same at the beginning of the year, while Saudi Arabia has been running down its reserves. I put some of these series together in a graph (sorry for the overflow to the right).
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