Tag: currency
Pyongyang’s digital gold rush: How North Korean hackers fund the regime...
North Korean trade officials operating in China are illegally selling cryptocurrency to Chinese nationals, with Pyongyang earning a fortune in foreign currency as a...
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 bans foreign currency wages, mandates cash payments in revised...
North Korea revised the Labor Wages Act in May to make it illegal for workers to be paid in foreign currency. In addition, the...
N. Korean clothing smugglers target wealthy buyers as ordinary consumers pull...
Clothing traders in Hyesan, Ryanggang province, are smuggling fall clothing from China and bringing in winter apparel samples to prepare for the cold season,...
North Korea audits China-based traders as foreign currency reserves dwindle
North Korean trading representatives in China are facing unprecedented scrutiny as party officials from Pyongyang conduct extensive audits, further restricting their already constrained operations.
A...
Market chaos in N. Korea: Currency crisis devastates trade
A wave of inflation is crushing North Korean markets as exchange rates soar and the local currency plummets. The dollar's value has jumped 20-30%...
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...
North Korea’s currency crisis drives unprecedented price inflation
North Korean markets are experiencing severe price inflation as the U.S. dollar continues strengthening against the local currency, creating economic hardship across the country.
Multiple...
Rice and fuel prices soar in N. Korea as won weakens...
North Korean market prices remain high after spiking earlier this month. With market exchange rates staying elevated, import prices are soaring.
According to Daily NK's...
N. Korea expands currency exchange beyond dollar, yuan
Pyongyang's official currency exchanges are expanding beyond the dollar and yuan to handle yen, euros and rubles as North Korea diversifies its trade relationships.
A...
