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Economy

Kazakhstan's political uncertainty weighs on its currency

Transition to permanent president and the ruble to determine tenge's value

Kazakhstan's interim president, Kassym-Jomart Tokayev, has promised to write off the mortgage and tax debts of low-income people, straining the government's budget.   © Reuters

ALMATY, Kazakhstan -- The election of a new president in Kazakhstan following the resignation of Soviet-era strongman Nursultan Nazarbayev has failed to dispel fears of political instability stemming from the former president's sudden demise.

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