Tag: exchange rates
N. Korean grain prices surge to near-record levels after brief dip
North Korean grain prices are climbing again after a brief lull earlier this month, according to market data.
Rice sold for 9,500 North Korean won...
N. Korea expands foreign currency payments through smartphone apps
North Korean smartphones are processing more payments in foreign currencies, and an increasing number of businesses are now required to offer electronic payment systems,...
N. Korea’s economic squeeze: Grain prices surge as currency collapses
North Korea's market grain prices have recently surged to all-time highs after remaining relatively stable since December, increasing the financial burden on ordinary North...
N. Korea narrows gap between official and market exchange rates
The won-to-dollar market exchange rate in North Korea has more than doubled over the past year, prompting the government to ban private foreign currency...
N. Korean parents struggle with hefty school decoration fees as new...
As North Korean schools prepare for the new academic year starting April 1, parents are frustrated by school decoration fees their children are expected...
Grain prices surge as N. Korea enters annual spring food shortage
Grain prices across North Korean markets have begun climbing since mid-February, reversing the downward trend observed since December. With the arrival of the annual...
State-sanctioned car smuggling creates wealth divisions in N. Korean border city
State-led car smuggling has exploded in Hyesan, a border city in Ryanggang province. Wealthy individuals are rushing to invest in trading companies involved in...
N. Korean won surges against yuan as market prices fall
North Korean market prices have been declining for over a month, reversing last year's continuous upward trend. The most dramatic change has been in...
N. Koreans abandon won as currency redenomination fears spread
Amid persistent rumors of currency redenomination, North Koreans are increasingly shunning the domestic won in favor of foreign currencies. This growing distrust is accelerating...
N. Korean won plunges, market prices double as economic divide deepens
Market prices in North Korea have roughly doubled since last January, according to Daily NK's latest findings.
The North Korean won has seen a dramatic...
