Tag: dollars
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’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...
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...
Cash-strapped N. Korean diplomats reveal financial struggles through airport luggage
The carry-on luggage of North Korean diplomats and trade officials departing from Pyongyang International Airport for Russia has become a topic of public conversation.
According...
N. Korean rice prices hold at record highs as food shortages...
North Korean rice prices, which broke through 10,000 won per kilogram for the first time in early June, are holding steady at around 12,000...
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...
N. Korean officials turn to Bitcoin to shield assets from regime...
According to a Daily NK source in China recently, a growing number of North Korean trade officials in China have begun investing in Bitcoin...
N. Korean markets hit new peaks as yuan and rice prices...
Market prices in North Korea are rising at an unprecedented rate, with rice costs and Chinese yuan exchange rates reaching record highs.
Daily NK's market...
N. Korea’s currency crisis forces return to barter economy
The North Korean won has plunged in value, driving exchange rates for U.S. dollars and Chinese yuan to record highs. In response, North Koreans...
