The tenge had remained relatively stable over the past few months, but at a very high cost.

ECONOMIST: Kazakhstan

Invervention by the central bank kept the currency, the tenge, remarkably stable before the election, but analysts now think it is likely fall by up to 20%.

ECONOMIST: Kazakhstan

"Up to 2006, when the tenge was strong, there was a feeling of euphoria, it was boom-time, " says Prasad Bhamre, former vice chairman of the government investment fund and now working in the private sector.

BBC: Turbulence for the Kazakh economy