facebook
twitter
rss
account
search
search
 

Second day of protests over currency value in Kazakhstan

Feb. 16, 2014 at 10:12 AM   |   Comments

ALMATY, Kazakhstan, Feb. 16 (UPI) -- Three people were detained Sunday in Kazakhstan during a rally to protest the devaluation of the nation's currency, officials said.

Two of the detainees were described as journalists who were among the dozens of protesters who took part in the unsanctioned rally at the Monument of Independence in central Almaty.

It was the second such rally this weekend, Russia's RIA Novosti news agency said. Saturday's event led to the detention of another group of protesters.

The crowd's ire was aimed at a decision made by the government last week to devalue the Kazakh tenge by 18.9 percent. RIA Novosti said the move trailed the recent weakening of the Russian ruble, which last month hit its lowest level against the U.S. dollar since 2009.

Some analysts believe the move was made to keep Kazakh oil exports competitive on the world market.

© 2014 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Featured UPI Collection
trending
Celebrity Couples of 2014 [PHOTOS]

Celebrity Couples of 2014 [PHOTOS]

Most Popular
1
Dairy Queen hit by Backoff malware breach
2
Putin mocks trapped Ukrainian soldiers, urges rebels to release them
3
Federal judge strikes down polygamy ban in Utah
4
High-ranking Chicago police officer charged with putting gun in man's mouth
5
Chelsea Clinton quits at NBC after 3 years
Trending News
Video
x
Feedback