Kazakhstan governor replaced with former deputy

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The governor of the National Bank of Kazakhstan was removed from office today (November 2), with the president of the country putting forward a former deputy governor, Daniyar Akishev, as his successor.

Kairat Kelimbetov was removed from his post just over two years after he was appointed, with president Nursultan Nazarbayev citing a lack of confidence in both the central bank and the currency.

The central bank abandoned its exchange rate peg in August after falling oil and commodity prices put

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