Ablet - Kamalov [upd]

The transition was brutal. The tenge lost nearly 100% of its value in a single year. Yet, economists now credit the "Kamalov Doctrine" with saving Kazakhstan from a full-scale banking collapse. By allowing the tenge to find its natural level, the country preserved its $90 billion gold and forex reserves, which Russia had squandered doing the opposite. For this, Kamalov was both vilified by citizens whose purchasing power evaporated and praised by the IMF as a pragmatic realist.

: His research covers a broad spectrum, including the history of the Tang Dynasty , Turkic- and Iranian-speaking peoples, and modern Uyghur historiography. Education : He holds a Doctorate of Historical Sciences. Key Research Areas ablet kamalov