Tag: chinese yuan
N. Korea’s currency plunges after Kim Jong Un’s China visit
North Korea's soaring exchange rates plummeted after Kim Jong Un's visit to China, driven by expectations that Chinese companies will increase investment across multiple...
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...
North Korea’s real estate paradox: soaring prices, no buyers
North Korea's soaring real estate prices stem from wild swings in the won-to-dollar exchange rate, creating a market where prices climb but sales stagnate.
"Housing...
Border traders lose thousands as three-wheel vehicle middlemen go rogue
Border smugglers are making good money importing three-wheel vehicles called sambari into North Korea, but some are getting burned by intermediaries who vanish with...
Chinese cooling fans become N. Korea’s hottest import
Chinese-made portable cooling fans have become the must-have summer accessory for North Koreans.
"No matter the price, handheld cooling fans are among the hottest imports...
Going mobile: N. Korean traders move business home to evade restrictions
As North Korea cracks down on informal markets, the country's commercial landscape is shifting dramatically.
Since the devastating famine of the 1990s known as the...
N. Korean cosmetics factory targets Chinese market with custom products
North Korea's Sinuiju Cosmetics Factory is ramping up efforts to break into the Chinese market. While the company is tailoring its cosmetic products and...
