Tag: dollars
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...
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...
N. Korea spreads virus fears about southern balloons
North Korean authorities are conducting lectures warning citizens to avoid items from South Korean balloons, claiming they are contaminated with viruses.
According to a source...
North Korean food prices soar as currency crisis deepens
North Korean food prices have hit record highs, deepening hardship across the country.
According to Daily NK's regular market survey, rice prices exceeded 8,000 North...
Market shock as North Korean won-dollar rate breaks records
North Korea's market exchange rates have soared to unprecedented levels. After stabilizing for two months following a peak in early September, the US dollar...
Regime’s currency controls backfire as N. Korean won weakens
The U.S. dollar traded for 16,100 North Korean won in Pyongyang on Sept. 15, down slightly from a record high of 16,500 won on...
Elderly North Koreans toil in Russian city
About 70 North Korean workers, most of them over the age of 60, have been sent to the Russian city of Blagoveshchensk in the...
N. Korea exploits foreign visitors by applying its “official exchange rate”...
North Korea is exploiting foreign visitors by applying an artificially high official exchange rate, likely to compensate for the regime's foreign currency shortage.
A Chinese...
