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Dude, Where's My Tenge?
Dude, Where's My Tenge?
Last year if one said that Kazakhstan was the "Iceland of Central Asia" it would have been a compliment. "Kazakhstan looks like a small version of Iceland with its banks borrowing from abroad. A currency crisis becomes a banking crisis, it becomes a housing crisis, a sovereign-debt crisis, it ...
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Russian Debt And The Euro
A Fistful Of Euros » A Fistful Of Euros — ... loans are due this year and the remainder of the $400 billion within four years. The “report of rescheduling debt is driving the euro lower because European financial institutions have a bigger exposure to Russia than their counterparts in other countries,” said Takashi Kudo, Tokyo-based director of foreign-exchange sales at NTT SmartTrade Inc., a unit of Nippon Telegraph & Telephone Corp., Japan’s largest fixed-line phone company. And then there is Kazakhstan to think about: Kazakhstan’s banks may have their ratings cut as ...

Russian Debt And The Euro
Euro Watch — ... of the loans are due this year and the remainder of the $400 billion within four years. The “report of rescheduling debt is driving the euro lower because European financial institutions have a bigger exposure to Russia than their counterparts in other countries,” said Takashi Kudo, Tokyo-based director of foreign-exchange sales at NTT SmartTrade Inc., a unit of Nippon Telegraph & Telephone Corp., Japan’s largest fixed-line phone company. And then there is Kazakhstan to think about: Kazakhstan’s banks may have their ratings cut as ...

Russian Debt And The Euro
Global Economy Matters — ... of the loans are due this year and the remainder of the $400 billion within four years. The “report of rescheduling debt is driving the euro lower because European financial institutions have a bigger exposure to Russia than their counterparts in other countries,” said Takashi Kudo, Tokyo-based director of foreign-exchange sales at NTT SmartTrade Inc., a unit of Nippon Telegraph & Telephone Corp., Japan’s largest fixed-line phone company. And then there is Kazakhstan to think about: Kazakhstan’s banks may have their ratings cut as ...

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