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Pyongyang
November 28, 2021
Street market in Hyesan, Ryanggang Province rice sellers dollar rate

North Korea’s food prices fall as new goods hit the market

The market price of rice in North Korea recently fell from around KPW 5,000 a kilogram to around KPW 4,200 to 4,500 per kilogram,...

North Korea Market Price Update: November 14, 2021

All prices shown in KPW and current as of November 14, 2021. Data: Daily NK

N. Korea’s elusive money vouchers from A to Z

Over two months have passed since North Korean authorities issued money vouchers, or donpyo, to absorb foreign exchange. However, most North Koreans remain unaware...
grasshopper market exchange rate

North Hamgyong Province moves to “incentivize” local merchants to sell locally-made goods

Following the recent announcement of a national policy to promote the distribution of locally produced goods in markets, North Hamgyong Province’s party committee plans...

N. Korea’s new foreign currency vouchers still facing an uphill battle to broader circulation

Though North Korean authorities recently issued “foreign currency vouchers” to bolster state finances, they have yet to put them into full-scale circulation. The authorities...
suspension

N. Korean Cabinet calls on commercial sector to eradicate the “import disease”

The party committee of North Hamgyong Province recently called in commercial officials to convey a Cabinet order calling on the commercial sector to “thoroughly”...

North Korea Market Price Update: November 1, 2021

All prices shown in KPW and current as of November 1, 2021. Data: Daily NK
Market official on patrol in Sunchon, South Pyongan Province

Small price falls in grain and other foodstuffs reported in some regions of North...

The price of grain and major foodstuffs has fallen slightly compared to last month in some regions in North Korea. According to a Daily NK...
Wonjang Border Market

N. Korea begins efforts to build “general stores” nationwide

North Hamgyong Province has reportedly commenced preparations to build “general stores” in accordance with a Central Committee order to build “a new commercial network.” A...

N. Korea plans to send around 1,000 workers to Russia as loggers

Faced with foreign exchange shortages, North Korean authorities reportedly plan to send a new batch of workers overseas. Pyongyang plans to send over 1,000...

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