Tag: currency
N. Korean won-dollar rate stabilizes while won-yuan continues climb
The soaring won-dollar exchange rate at marketplaces in North Korea appears to have paused, at least for the moment. But the won-yuan market exchange...
N. Korean state shops near China allow food purchases in foreign...
North Korean state-run grain shops near the Chinese border have begun accepting foreign currency for food purchases, despite official restrictions on foreign currency use.
This...
Currency crisis drives North Koreans to dollar, yuan
The North Korean won has lost half its value against the dollar and yuan this year, driving more citizens to conduct marketplace transactions in...
Fear grips currency earning sites as inspectors begin sweeping probe
State security agents launched a probe of foreign currency earning centers in North Pyongan province on Nov. 4, sparking anxiety among workers there.
While these...
North Korean banks ordered to round up idle currency amid economic...
North Korean authorities have ordered commercial banks to intensify efforts to collect idle local and foreign currency from the public. The directive, issued by...
N. Korea exorts building supplies from currency traders in flood recovery...
North Korean authorities are forcing arrested money changers to donate building materials for flood relief instead of sending them to labor camps, marking a...
N. Korea’s central bank audits S. Hwanghae province, eyes financial sector...
North Korea's central bank conducted a two-week audit of the Commercial Bank of South Hwanghae province beginning Sept. 1. The audit focused primarily on...
N. Korea mandates shift from raw material to processed goods exports
North Korean authorities recently ordered trade agencies to shift from exporting raw materials to processed goods, causing significant disruption to regional trading companies that...
N. Korea’s new directives aim to accelerate Wonsan-Kalma resort construction
Following Kim Jong Un's July visit to the Wonsan-Kalma Coastal Tourist Zone, the Cabinet issued new directives on Aug. 22 to accelerate construction and...
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...
