Kazakhstan Raises New Key Rate to 16% to Stabilize Tenge – Bloomberg

Kazakhstan’s central bank raised its new base interest rate to tame the world’s most volatile currency, the tenge, which has struggled to find balance since policy makers moved to a free-floating exchange rate in August.

Sourced through Scoop.it from: www.bloomberg.com

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Kenneth Carnesi holds a Juris Doctor degree from New York Law School and a Professional Certificate in International Banking from Harvard Law School. Kenneth Carnesi is the Director of Operations and Government Sales at Anaptyx LLC and sits on the Boards of The Lazarus Organization, Monkeetech LLC and MG Madison Phillips, Inc. Mr. Carnesi has also founded CICG - Carnesi International Consulting Group, a company specializing in strategy consulting to small to mid-size businesses.

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