Tag: currency
Cash to Cards: North Korea’s rocky road to electronic finance
North Korean authorities have taken a number of measures to increase the use of debit cards and promote electronic payments and shopping since the...
N. Korean donju increasingly turn to betting on sports matches for...
North Korea's rich entrepreneurs, known as donju, are increasingly betting large sums of money on games featuring former professional athletes hired for the purpose....
N. Korean government under fire as market exchange rates skyrocket
North Korea's market exchange rates continue to skyrocket. Amid the resulting chaos, North Koreans have begun to criticize the government's actions.
According to Daily NK's...
N. Korea sends art and architectural specialists abroad to earn foreign...
North Korea's Mansudae Overseas Project Group of Companies has started sending professionals overseas to earn foreign currency, Daily NK has learned.
The Mansudae Overseas Project...
N. Korean e-payment services popular among young people
Electronic payment services such as offline payments using QR codes are becoming increasingly popular among young North Koreans in major cities, Daily NK has...
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...
Yuan exchange rate skyrockets amid increased demand for Chinese currency
North Korea's yuan exchange rate is climbing sharply, driven by increased demand for Chinese currency due to North Korea’s “regional development 20x10 policy.”
According to...
Soaring grain prices put people under more pressure in Hoeryong
Grain prices have recently been soaring at markets in the city of Hoeryong, in North Hamgyong Province, putting North Koreans under even more financial...
Pyongyang man arrested for using counterfeit dollars
A Pyongyang resident in his 20s has been arrested by North Korean police for using counterfeit money, Daily NK has learned.
Speaking on condition of...
N. Korean grain prices rise to same level as before last...
Grain prices in North Korean markets have climbed across the board following the exhaustion of food stocks at state-run grain shops.
According to Daily NK’s...
