Tag: exchange rates
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...
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...
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)...
Chinese yuan exchange rate strengthens amid hopes for expanding trade
While the KPW-USD exchange rate in North Korean markets recently fell slightly, the yuan is strengthening as expectations rise about expanding trade with China.
According...
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 KPW-USD exchange rate falls slightly amid expanding trade
North Korea's KPW-USD exchange rate has slightly fallen even as the country's trade volume continues to grow. Meanwhile, the yuan is holding steady amid...
Borrowers hurt by dramatic rise in N. Korean won – Chinese...
Quarrels are breaking out between lenders and borrowers due to the sudden rise in the North Korean won-Chinese yuan (KPW-RMB) exchange rate recently, Daily...
N. Korea prepares to restart trade through customs house in Hyesan
North Korea is preparing to restart trade through the customs house in Hyesan, Yanggang Province from February, Daily NK has learned.
Accordingly, officials are putting...
Two money changers in Pyongsong arrested for manipulating exchange rates
North Korea’s Ministry of State Security recently arrested two money changers in Pyongsong for manipulating exchange rates, Daily NK has learned.
“Two sisters in their...
