Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Kazakhstan Devalues Tenge By 18% (Same % As 2009) ..it's About Time! Implications For Mongolia, Kyrgyz, Etc

KZ has been way too expensive vs Tajikistan, Kyrgyzstan, etc

Guesthouse and hotel prices are still considerably more expensive for what you get in neighboring countries

Implications for Mongolia, KG, Tajik, etc?

If Tenge 18% cheaper, then goods it produces are cheaper relative to neighbor countries. Import costs rise.

Profitability higher for oil, gas, mining companies who pay wages in KZT ?

Perhaps they reduce their prices for such exports?

www.reuters.com/article/2014/02/11/kazak...-idUSL5N0LG07F20140211