Tag: banks
Wonsan-Kalma facilities must register foreign currency payment systems
North Korea has ordered all commercial facilities in the Wonsan-Kalma Coastal Tourist Zone to register their electronic foreign currency payment systems by May 14.
The...
N. Korea narrows gap between official and market exchange rates
The won-to-dollar market exchange rate in North Korea has more than doubled over the past year, prompting the government to ban private foreign currency...
Banking on romance: Joint savings accounts gain popularity among Pyongyang’s university...
Campus couples at Pyongyang's universities have begun creating joint savings accounts, a trend that's slowly catching on. These "couple accounts" symbolizing commitment and genuine...
N. Korean authorities spring sting operations on illegal currency traders
North Korean authorities have intensified their crackdown on unauthorized foreign currency trading, with law enforcement increasingly using sting operations to catch offenders.
According to a...
N. Korean province turn to bank loans to counter private lending...
North Hwanghae's provincial people's committee plans to facilitate bank loans to farms for spring planting, Daily NK has learned.
According to a source in the...
North Korean banks ordered to round up idle currency amid economic...
North Korean authorities have ordered commercial banks to intensify efforts to collect idle local and foreign currency from the public. The directive, issued by...
N. Korea exorts building supplies from currency traders in flood recovery...
North Korean authorities are forcing arrested money changers to donate building materials for flood relief instead of sending them to labor camps, marking a...
North Korea inspects national e-payment infrastructure
As North Korea conducts a sweeping inspection of its e-payment system, the Pyongyang Information Technology Bureau has been leading inspections of computer networks and...
Cash to Cards: North Korea’s rocky road to electronic finance
North Korean authorities have taken a number of measures to increase the use of debit cards and promote electronic payments and shopping since the...
N. Korea inspects electronic payment system to boost safety, efficiency
North Korea will inspect its domestic electronic payment system from July to October to improve the safety and efficiency of operations, Daily NK has...
