Kazakhstan puts faith in gold

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Kazakhstan's central bank on Wednesday pledged to buy up the entire gold bullion output of the country until at least 2014.

This is the latest effort from the central bank to ease the country's exposure to the dollar, as ongoing global economic turmoil lessens the appeal of holding large amounts of the currency as reserves. In May, it was reported that shifting foreign currency reserves into renminbi was a possibility.

Then, last month, the central bank revealed it would start buying up the gold

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