Exclusive: Kazakhstan plans more than $1 billion in fresh aid to banks - sources

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Exclusive: Kazakhstan plans more than $1 billion in fresh aid to banks - sources
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Kazakhstan plans to provide more than $1 billion in aid to at least four local b...

FILE PHOTO: New 500 tenge banknotes are displayed in this picture illustration in Almaty, Kazakhstan November 22, 2017. REUTERS/Shamil Zhumatov

The move follows previous bailouts that have cost the oil-producing Central Asian nation more than $13 billion but have still not resuscitated a banking system riddled with bad loans after a property price crash and a currency devaluation.

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