HomeНовости и политикаRelated VideosMore From: euronews (in English)

Kazakhstan's currency plunges after central bank abandons USD peg

33 ratings | 8870 views
The Kazakh currency, the tenge, has lost a quarter of its value against the US dollar after abandoning a peg to the Greenback. The country's national bank said the move to let the tenge float freely was to make its currency more competitive. Kazakhstan has been hit by a slide in the global price of oil. A barrel cost 100 dollars last year. It is now down to the level of 40 dollars. Kazakhstan has also affected by a fall in the value of rival currencies from other emerging markets. The Russi… READ MORE : http://www.euronews.com/2015/08/20/kazakhstan-s-currency-plunges-after-central-bank-abandons-usd-peg What are the top stories today? Click to watch: https://www.youtube.com/playlist?list=PLSyY1udCyYqBeDOz400FlseNGNqReKkFd euronews: the most watched news channel in Europe Subscribe! http://www.youtube.com/subscription_center?add_user=euronews euronews is available in 13 languages: https://www.youtube.com/user/euronewsnetwork/channels In English: Website: http://www.euronews.com/news Facebook: https://www.facebook.com/euronews Twitter: http://twitter.com/euronews Google+: http://google.com/+euronews VKontakte: http://vk.com/en.euronews
Html code for embedding videos on your blog
Text Comments (0)

Would you like to comment?

Join YouTube for a free account, or sign in if you are already a member.