1 The Kazakhstan Of 1992

The Kazakhstan Of 1992

Posted on November 23, 2011 by


We continue to cover the events which happened in Kazakhstan after the disintegration of the Soviet Union. You can read Part 1 here.

So, 1992, government began to introduce reforms and mend diplomatic relations. First welfare aid was rendered. Common people set more down-to-earth aims for themselves – to survive. They did not receive their salaries for months. Unemployment, inflation, adjustment… these were terms familiar to everybody, including children.

Miners of the Karaganda Coal Field had been on strike since December 9th, 1991 till January 16th, 1992. Workers did not believe that their salaries would be raised by 2, as promised.

The ruble devalued, prices skyrocketed. Government froze prices for bread and flour.

A new problem appeared – lack of cash. People received their wages on paper but not in cash. That’s why some began to pay wages in food.

30% of the salary of workers who got paid more than 2000 rubles, was automatically transfered to savings bank books, but since the 1992 inflation exceeded 3000%, no real money was saved. The same year they introduced cheque-books.

They created their own gold and diamond reserves.

They began celebrating Nowruz officially.

They put on their national costumes, ate national food and danced.

First lady of Kazakhstan Sarah Nazarbaeva created her charity foundation to help orphans and children from low-income families.

Government and businessmen supported the foundation financially. Enterpreneur Bulat Abilov was one of them. Later, his company became so successful that its logo was put onto a spaceship.

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One Response to “The Kazakhstan Of 1992”

  1. Very interesting.

    That’s how you do it: you pick up the pieces and make the best out of them.

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