Tag: chinese yuan
North Koreans in Hyesan risk danger for pine nut profits
Some residents of Hyesan have recently been heading to Kim Jong Suk county to gather pine nuts, Daily NK has learned.
"Since July 25, some...
N. Korea draws on emergency supplies to keep rice prices down
Despite recent flooding in North Korea caused by heavy rains, the price of grain in North Korean markets has held fairly steady. The North...
N. Korea’s rising yuan exchange rate is hurting market sellers
The Chinese yuan exchange rate has recently been rising against the North Korean won, stacking up losses for vendors at North Korean markets and...
N. Korea encourages Chinese businesspeople to resume commercial activities
The North Korean government is encouraging Chinese businesspeople to resume business activities they were forced to suspend when North Korea closed its borders because...
N. Korean elite’s demand for luxury clothing, accessories on the rise
Demand for designer goods procured by North Korean trade officials in Pyongyang has increased dramatically, suggesting a growing preference among the upper class for...
North Korea’s RMB-KPW market exchange rate sees rapid increase
Foreign exchange rates have risen in North Korea's markets, but the market rate of the Chinese yuan (RMB) to the North Korean won (KPW)...
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...
North Korea’s economic tapestry and the Ministry of Unification’s perilous position
The recent release of a comprehensive report (read here in Korean) by South Korea's Ministry of Unification into North Korea's economy not only provides...
Chinese yuan trades higher than ever since closure of China-North Korea...
The Chinese yuan is trading higher than it has since North Korea closed its border with China in January of 2020, Daily NK has...
