Discover Kazakhstan’s hidden Frontier Market! We break down the KASE and AIX and its strange link to inflation.
What’s the deal with Kazakhstan Equities Markets? Located in Central Asia, this country is classified as a Frontier Market by major rating agencies, but it has huge potential, especially when compared to giants like the New York Stock Exchange.
We’re checking out the Kazakhstan Stock Exchange (KASE) and the Astana International Exchange (AIX) to see if they can finally help diversify the country’s economy beyond its natural resources. Historically, its role in financing local businesses has been tiny.
Here's the kicker: Recent analysis revealed a truly shocking strong positive correlation between KASE’s market capitalization and inflation! We explain why this bizarre connection matters far more than its minimal influence on overall GDP or unemployment figures.
Learn what it takes for a bank-dominated market to break out of the pack and reach that coveted Emerging Markets status. Whether you're an American investor looking for new frontiers or just curious about global finance, this episode gives you the inside scoop on how money moves in Kazakhstan.
Hit play and get ready to talk about Tenge!

Where'd the Kazakh Tenge come from? This is the story of the Tenge, the remarkable and unexpected currency born of chaos.

In a time when vodka was used as a savings device, as the ruble crumbled a new currency suddenly emerged.

Explore Kazakhstan's rich mining legacy! From its ancient 'ore-igins' to its role as a global critical minerals powerhouse.

Get ready to drill down into its incredible mining story! This isn't just a tale of recent discoveries; Kazakhstan boasts a history of mining that goes back centuries, with ancient tribes excavating and crafting mind-blowing gold and bronze jewelry.

You'll discover how modern industrial mining in Kazakhstan actually kicked off about 120 years ago with British entrepreneurs. Learn about the massive, programmed geological research during Soviet times that revealed immense reserves of copper, zinc, lead, and iron ore, making Kazakhstan a flagship of Soviet industry. But don't let those old stereotypes fool you – this is a dynamically developing country, leading economic and political reforms in Central Asia, and it’s very successful at attracting foreign investment.

While Kazakhstan is well-known for its oil and gas, its subsoil is also a treasure trove of critical minerals. We're talking uranium (it’s a leading global producer!), titanium sponge, tungsten, lithium, silicon, and many other rare earth and strategic materials.

The government is seriously committed to developing its mining sector, not just for raw materials but also for adding value through processing and refining right there in Kazakhstan. They're looking for fair, long-lasting partnerships, where foreign investors bring in new technologies, expertise, and training for local staff. They also prioritize sustainable practices that respect local communities and the environment – a big area where British and American companies can really shine.