| 10-03-26 ~ 10-04-01 |
600 (▼ 500) |
550 (▼ 500) |
600 (▼ 400) |
200 (▼ 500) |
200 (▼ 400) |
250 (▼ 450) |
| 10-03-09 ~ 10-03-23 |
1100 (▼ 1200) |
1050 (▼ 1450) |
1000 (▼ 1350) |
700 (▼ 600) |
600 (▼ 500) |
700 (▼ 750) |
|
| Since mid-March, food prices have been moving downward. The cause was probably a rumor that international society was planning to resume food aid and that food distribution would be normalized as a result. Additionally, collective farms need funds for the spring planting season. In parallel with the dropping food prices, foreign currency exchange rates are also retreating. |
|
|
|
| 10-03-02 ~ 10-03-08 |
2300 (■ 0) |
2500 (■ 0) |
2350 (■ 0) |
1300 (▲ 350) |
1100 (▲ 100) |
1450 (▲ 250) |
|
| As the story that Kim Young Il, the Premier of the North Korea Cabinet, had acknowledged the failure of the redenomination spread, wholesalers who were holding rice in stock would not release it onto the market. Therefore prices went up for sellers and buyers alike. Since the redenomination the value of North Korean won has been steadily depreciating, and the tendency to keep savings in products instead of monetary holdings has been spreading across the country. |
|
|
|
| 10-02-25 ~ 10-03-03 |
2300 (▲ 1800) |
2500 (▲ 1990) |
2350 (▲ 1835) |
950 (▲ 480) |
1000 (▲ 550) |
1200 (▲ 750) |
| 10-02-17 ~ 10-02-23 |
500 (▲ 105) |
510 (▲ 110) |
515 (▲ 110) |
470 (▲ 100) |
450 (▲ 100) |
450 (▲ 90) |
|
| After the crackdown on the jangmadang was lifted, rice prices and exchange rates dropped, but now they are going up again. This is, of course, because the value of products and foreign currencies continues to rise relative to the value of the North Korean currency. |
|
|
|
| 10-02-02 ~ 10-02-08 |
395 (▲ 180) |
400 (▲ 183) |
405 (▲ 185) |
370 (▲ 160) |
350 (▲ 160) |
360 (▲ 160) |
|
| Since the redenomination, due to jangmadang regulations and a ban on the use of foreign currencies, rice prices and exchange rates had been rising relentlessly. However, on February 1, jangmadang regulations were lifted, and rice prices of more than 400 won dropped to around 350 won. |
|
|
|
| 10-01-08 ~ 10-01-14 |
215 (▲ 95) |
217 (▲ 95) |
220 (▲ 90) |
210 (▲ 90) |
190 (▲ 90) |
200 (▲ 100) |
|
| Exchange rates and the price of rice are rising dramatically after the closure of the jangmadang and decrees prohibiting both food circulation and foreign currency usage, along with the distribution of excessive cash to farmers. Farmers feel no need to sell rice stocks right now since they can purchase food and have cash savings. Therefore, they are holding onto their rice stocks to see how high the price will go. |
|
|
|
| 10-01-05 ~ 10-01-06 |
120 (▼ 14) |
122 (▼ 8) |
130 (▼ 3) |
120 (▲ 65) |
100 (▲ 47) |
100 (▲ 40) |
|
 Most
Popular |
 |
13.05.01 |
| |
|
|
|
| |
8,470 |
8,580 |
8,500 |
| |
5,600 |
5,700 |
6,300 |
|
|
|
|
NORTH
KOREA