IMF TELLS KAZAKHSTAN TO REDUCE USE OF DOLLAR

Monday, 27 October 2003

IMF TELLS KAZAKHSTAN TO REDUCE USE OF DOLLAR

Published in News Digest

font size decrease font size increase font size
Print
Email

By empty (10/27/2003 issue of the CACI Analyst)

The International Monetary Fund (IMF) has drawn up recommendations for Kazakhstan in the field of monetary policy, calling in particular for the country to reduce the role of the U.S. dollar in its economy. The IMF specialists who drew up the report said that reducing the use of the dollar will help Kazakhstan protect itself against crises in world markets, allow the country to establish its own currency policy more effectively, and help combat inflation. At the same time, the IMF warned the Kazakh leadership against taking overly harsh measures to reduce the number of dollars in circulation, such as closing dollar accounts in the country\'s banks or prohibiting the sale of dollars to individuals. (KazInform)

Read 1702 times

More in this category: « RUSSIAN EXPERTS SUPPORT ARMENIAN REFUSAL TO CLOSE NUCLEAR-POWER PLANT PRISONERS AT NOTORIOUS UZBEK PRISON DECLARE HUNGER STRIKE »

Visit also

Staff Publications

Silk Road Paper S. Frederick Starr, U.S. Policy in Central Asia through Central Asian Eyes, May 2023.

Analysis Svante E. Cornell, "Promise and Peril in the Caucasus," AFPC Insights, March 30, 2023.

Oped S. Frederick Starr, Putin's War In Ukraine and the Crimean War), 19fourtyfive, January 2, 2023

Oped S. Frederick Starr, Russia Needs Its Own Charles de Gaulle, Foreign Policy, July 21, 2022.

Silk Road Paper S. Frederick Starr, Rethinking Greater Central Asia: American and Western Stakes in the Region and How to Advance Them, June 2022

Oped Svante E. Cornell & Albert Barro, With referendum, Kazakh President pushes for reforms, Euractiv, June 3, 2022.

Oped Svante E. Cornell Russia's Southern Neighbors Take a Stand, The Hill, May 6, 2022.

Silk Road Paper Johan Engvall, Between Bandits and Bureaucrats: 30 Years of Parliamentary Development in Kyrgyzstan, January 2022.

Oped Svante E. Cornell, No, The War in Ukraine is not about NATO, The Hill, March 9, 2022.

Analysis Svante E. Cornell, Kazakhstan’s Crisis Calls for a Central Asia Policy Reboot, The National Interest, January 34, 2022.

Book S. Frederick Starr and Svante E. Cornell, Strong and Unique: Three Decades of U.S.-Kazakhstan Partnership, Central Asia-Caucasus Institute, December 2021.

Silk Road Paper Svante E. Cornell, S. Frederick Starr & Albert Barro, Political and Economic Reforms in Kazakhstan Under President Tokayev, November 2021.