Protesters in Kazakhstan’s commercial capital, Almaty, forced their way into the National Bank on February 12 to confront the country’s top financial officials over the sudden devaluation of the tenge, which wiped a fifth off the value of the currency in one fell swoop the previous day.
A group of around 50 people – including low-paid workers, worried mortgage holders, and pensioners – gathered outside the bank in freezing temperatures, demanding a meeting with National Bank chief Kayrat Kelimbetov to address concerns about spiraling inflation that analysts say is certain to result from the devaluation.
“What are the people to do? How should they act in this situation? What is the way out? We want to know this!” Zhasaral Kuanyshalin, a prominent activist who was taking part in the protest, told EurasiaNet.org.
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