It is divided into two dialects : Karachay which pronounces two phonemes as \/ tÊ \/ and \/ Ê ' \/ , and Balkar , which pronounces the corresponding phonemes as \/ ts \/ and \/ z \/ . It is divided into two dialects : Karachay which pronounces two phonemes as \/ tÊ \/ and \/ dÊ ' \/ , and Balkar , which pronounces the corresponding phonemes as \/ ts \/ and \/ z \/ .