Protests in Kazakhstan: World uranium prices jump more than 17%, banks closed in country

Source : 112 Ukraine

Moreover, the world bitcoin price crashed to $44.150, and in Nur-Sultan people began to stand in line at ATMs to withdraw cash, due to the lack of internet bank cards can not pay in stores
11:09, 6 January 2022

Sputnik Kazakhstan

Global uranium prices jumped by more than 17% due to the situation with the mass unrest in Kazakhstan, caused by protests against rising gas prices as KazTAG reported.

Kazakhstan, in particular, accounts for 43% of the world's uranium output. Analysts predicted the price of the metal will rise amid the political situation in Kazakhstan.

Moreover, the world bitcoin price crashed to $44.150 (0.99% per day) amid the situation in Kazakhstan, where 18% of the world's cryptocurrency mining capacity is located. Almost 90,000 computers for mining cryptocurrency were moved from China to this country after the ban on any activity with cryptocurrencies as reported.

Related: Law enforcers conduct special operation in Almaty; casualties reported

The country is second in the world on the total capacity of mining farms.

At the same time, National Bank of Kazakhstan Spokesperson Olzhas Ramazanov announced the temporary suspension of banks and the Stock Exchange as TASS reported.

The decision was made by the National Bank and the Agency for Regulation and Development of the Financial Market, given the temporary failure in the Internet, as well as to ensure the safety of employees of financial institutions.

Sputnik Kazakhstan

According to Sputnik Kazakhstan, a large queue lined up outside the branch of Halyk Bank in Nur-Sultan. People withdraw money en masse there because other banks are closed.

Related: Eight police and national guard troops dead, 317 injured during unrest in Kazakhstan

For the second day, there is no non-cash payment in the stores because of the lack of internet.

In the beginning of 2022 protests erupted in Kazakhstan after the increase in the price of liquefied gas. Demonstrators announced an indefinite action. Demands to reduce the price of gas have grown into calls for the resignation of the president and government. The Internet has been shut down in the country, law enforcement agencies seized military equipment, make arrests. Kazakh TV channels suspended broadcasting.

After a couple of days of anti-government protests, the Cabinet of Kazakhstan has filed a resignation letter, and President Kasym-Jomart Tokayev accepted it.

Related: "I will act harshly": President made statement amid riots in Kazakhstan

On January 5, a state of emergency was declared all over Kazakhstan amid massive fuel price protests.

Besides, the Collective Security Treaty Organization (CSTO), which includes six post-Soviet states, has approved the deployment of troops into Kazakhstan, where mass protests accompanied by riots are currently taking place.


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