Tag: banks
China arrests N. Korean trade official for illegal currency transaction
A North Korean trade official was recently arrested by Chinese police while attempting to illegally exchange foreign currency. The arrest prompted a flurry of...
N. Korea mounts harsh crackdown on loan sharks
North Korea is in the midst of a major crackdown on loan sharks following the passage of a "Loan Law" in early February, Daily...
Hyesan inminbans encourage people to exchange foreign currency at banks
Inminban (neighborhood watch units) in Hyesan have recently been coaxing their members to exchange their foreign currency in banks, Daily NK has learned.
Speaking on...
N. Korea moves to restrain regional commercial banks from setting high...
North Korea is restraining regional commercial banks from setting high rates of interest, Daily NK has learned.
A Daily NK source in Pyongyang said Tuesday...
