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Depositors Make Run on Kazakh Banks

Depositors are making runs on three Kazakh banks, but the national bank chief in the central Asian country denied rumors that the financial institutions were about to declare bankruptcy.Long lines of depositors rushed to withdraw money Tuesday at Bank Center Credit, Kaspi Bank and Alliance Bank in the country's commercial hub of Almaty. The bank run came a week after the Kazakhstan National Bank announced a 19 percent devaluation of its currency, the tenge.Rumors spread that the three...

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