Tag: dollars
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...
Pyongyang authorities investigate corruption in Hwasong housing development
The Pyongyang People's Committee recently launched an inspection into alleged financial transactions related to the allotment of housing in the city's Hwasong housing development,...
Growing trade leads to a spike in N. Koreas market exchange...
Market exchange rates in North Korea have hit another high as the US dollar climbs in international markets and trading activity expands in certain...
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...
