Tag: chinese yuan
N. Korean defectors in China lose savings to trusted individuals who...
Female defectors working part-time to support families back home have no recourse when Chinese nationals refuse to return money, unable to use banks or...
N. Korean rice prices plunge 30% as foreign exchange rates stabilize...
Rice has fallen from record highs above 30,000 won per kilogram to around 21,500 won and held steady for nearly a month, reflecting decreased...
Faux fur jackets and combat boots fly off shelves as Kim...
Leather jackets and military-style boots are the season's hottest sellers at North Korean markets, with young people emulating the leader's televised wardrobe and vendors...
N. Korea bans trade officials from carrying cash abroad as foreign...
The North Korean authorities have intensified controls on trade officials who carry out or bring in foreign exchange, such as dollars or Chinese yuan,...
North Korea’s wealthy pay premium for imported winter coats as status...
Puffer coats from foreign brands imported by state-authorized smugglers have become very popular with affluent North Korean customers at marketplaces in Hyesan, Ryanggang province,...
N. Korean families lose life savings after remittance broker arrest
Families of North Korean defectors have suffered significant financial losses after state security officers in Musan county, North Hamgyong province, arrested an illegal remittance...
Fake dollars and yuan flood North Korean markets amid exchange rate...
Counterfeit foreign currency is flooding North Korean markets as the country's exchange rates skyrocket and the local currency collapses, prompting authorities to launch an...
Currency chaos hits North Korea as yuan drops but prices stay...
The exchange rate between North Korean won and Chinese yuan has crashed in the border city of Sinuiju following Kim Jong Un's visit to...
North Korean herb smugglers struggle as China tightens quality controls
North Korean smugglers are facing significant difficulties as Chinese partners increasingly refuse to accept shipments of medicinal herbs.
"In Hyesan, medicinal herb exports—which used to...
Cabinet price controls backfire as North Korean market costs surge
The recent surge in North Korean marketplace prices appears to stem from government-ordered price controls that have had the opposite of their intended effect.
Multiple...
