Tuesday, 14 June 2016 00:00

Kyrgyzstan to retain stable currency

By Tony Pizur

June 14th, 2016, The CACI Analyst

After the ruble crashed in 2014, the Kyrgyz Central Bank (KCB) prevented Kyrgyzstan’s national currency, the som, from depreciating in tandem with the Russian currency. Given Kyrgyzstan’s ascension into the Eurasian Economic Union (EEU) and the country’s heavy reliance on remittances from expatriates living in Russia, the KCB’s decision to maintain a relatively strong Kyrgyz currency seems counterintuitive. However, the stable som policy is predicated on long-term structural changes in trade patterns toward China. With the Chinese currency tied to the U.S. dollar, the decision to keep the som stable is based more on central bank policies in Washington and Beijing than in Moscow.

 kg som

Published in Analytical Articles

By Mirzokhid Rakhimov and Sung Dong Ki

June 10th, 2016, The CACI Analyst

South Korea’s Prime Minister Hwang Kyo-ahn visited Uzbekistan on May 19-20, 2016. The visit was the fifteenth official high-level meeting between the two countries. Over the last year, several new actors have increased their engagement with Central Asia, aside from South Korea also including Japan and India. South Korea is an important partner to the Central Asian republics, and especially to Uzbekistan. In May 2015, Islam Karimov made Seoul the destination of his first foreign visit after his reelection as president. The visit underscored the priority given to South Korea in Uzbekistan’s foreign policy. South Korea is among the largest investors in Uzbekistan’s economy, and cooperation is growing in education, tourism, cultural exchanges, and security. 

 uz-sk-16

Published in Analytical Articles

By John C.K. Daly

June 7th, 2016, The CACI Analyst

On May 21, a U.S. drone attack killed Taliban leader Mullah Akhtar Muhammad Mansour and taxi driver Mohammad Azam near Nushki in Pakistan’s Baluchistan province. Mansour was returning from Taftan, Iran, where he had gone for medical treatment, to his residence near the provincial capital Quetta, a 370-mile journey. Mansour and his driver had completed roughly two-thirds of the nine-hour trip. A Pakistani passport and a Computer National Identity Card (CNIC) identifying Mansur as “Wali Muhammad” were found near the wreckage. Mansour’s death, coming nine months after his contested election as “Amir al-Mu'minin” by the Taliban’s Rahbari Shura, has added additional volatility to Afghanistan’s complex political landscape, effectively sidelining any possibility of renewing peace negotiations with the Afghan government as Mansour’s successor seeks to consolidate his position.

 mansour

Published in Analytical Articles

By Farkhod Tolipov

June 2nd, 2016, The CACI Analyst

A few weeks before the April 2-5 fighting over Nagorno-Karabakh between Azerbaijan and Armenia, a border crisis occurred between Uzbekistan and Kyrgyzstan on March 18-26. Some observers connected these two events as links in the same chain. Indeed, both cases revolve around so-called frozen conflicts in the post-Soviet space; where one of the conflicting sides is a CSTO member and the other is not; and where speculations proliferate of a hidden Russian hand in both the instigation and mediation of the clashes. The two conflicts can be seen as a by-product of the same process – the continuing divergence of the former single Soviet space.

 sc-ca

Published in Analytical Articles

By Roger N. McDermott

May 31st, 2016, The CACI Analyst

Russia’s Armed Forces are conducting a series of exercises in Central Asia ostensibly designed to reassure regional allies that Moscow will assist in the face of an insurgency or incursion led by the Taliban or the terrorist organization calling itself the Islamic State (ISIS). However, these exercises are increasingly demonstrating the Kremlin’s intention to reassert Russia’s security role in Central Asia, while some features of such military exercises are also betraying increasingly sophisticated Russian technology and warfare capabilities, and consequently a widening gap with the country’s allies in the Collective Security Treaty Organization (CSTO). 

 poisk-2016

Published in Analytical Articles

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Book S. Frederick Starr, Eldar Ismailov, Nazim Muzaffarli, Basic Principles for the Rehabilitation of Azerbaijan’s Post-Conflict Territories, 2010.

Analysis Svante E. Cornell, How Did Armenia So Badly Miscalculate Its War with Azerbaijan? The National Interest, November 14, 2020.

Op-ed Svante E. Cornell, Halting the conflict between Armenia and Azerbaijan: Russian Peacekeeping is not the Solution Washington Times, October 20, 2020.

Analysis Svante E. Cornell, Can America Stop a Wider War between Armenia and Azerbaijan? The National Interest, October 5, 2020.

Article S. Frederick Starr, America Inches Toward a Serious Central Asia Strategy AFPC Defense Dossier, June 3, 2020.

Silk Road Paper Farrukh Irnazarov and Roman Vakulchuk, Discovering Opportunities in the Pandemic? Four Economic Response Scenarios for Central Asia, July 2020.  

 

The Central Asia-Caucasus Analyst is a biweekly publication of the Central Asia-Caucasus Institute & Silk Road Studies Program, a Joint Transatlantic Research and Policy Center affiliated with the American Foreign Policy Council, Washington DC., and the Institute for Security and Development Policy, Stockholm. For 15 years, the Analyst has brought cutting edge analysis of the region geared toward a practitioner audience.

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