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.
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.