Tag: dollars
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...
Latest N. Korean phones are expensive but still popular
The latest smartphones in North Korea cost hundreds of dollars, with some models costing nearly USD 1,000. While such prices are a significant burden...
North Korea’s RMB-KPW market exchange rate sees rapid increase
Foreign exchange rates have risen in North Korea's markets, but the market rate of the Chinese yuan (RMB) to the North Korean won (KPW)...
China arrests N. Korean trade official for illegal currency transaction
A North Korean trade official was recently arrested by Chinese police while attempting to illegally exchange foreign currency. The arrest prompted a flurry of...
Gloomy expectations about restart of trade leads to plummeting KPW-RMB rate
After rising for three months, North Korea’s KPW-RMB market exchange rate has recently plummeted due to falling expectations about the full-scale restart of trade...
N. Korea’s USD-KPW exchange rate continues to climb amid signs trade...
North Korea's KPW-USD exchange rate continues to climb amid the strengthening of the US dollar while the international economic slowdown causes a surge...
N. Korean won weakens more than 10% against the dollar over...
The North Korean won has weakened over 10% against the dollar during the last two weeks. This comes after repeated fluctuations from the start...
