Social Unrest Growing In Kazakhstan As Oil Prices, Currency War Batter Economy

Wednesday, August 19, 2015
By Paul Martin

by Tyler Durden
ZeroHedge.com
08/19/2015

Currency wars triggered a collapse in the Tenge overnight and sinking oil prices are putting the brakes on Kazakhstan’s once-soaring economy, forcing layoffs in the all-important energy sector. With memories of the months-long strike in the western town of Zhanaozen that culminated in a bloody crackdown in 2011 still fresh in the memory, the government has put measures in place to prevent the seeds of industrial unrest.

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