Tag: exchange rates
N. Korea bans trade officials from carrying cash abroad as foreign...
The North Korean authorities have intensified controls on trade officials who carry out or bring in foreign exchange, such as dollars or Chinese yuan,...
N. Korean market vendors go days without sales as economic crisis...
Some vendors at North Korean marketplaces are struggling to make a living, sometimes going days without a single sale. Business has collapsed due to...
N. Korean youth embrace motorcycles as income source, status symbol
For young North Koreans, motorcycles have become a means to earn a living, a symbol of wealth and a necessity for dating.
"Young people nowadays...
N. Korea’s currency plunges after Kim Jong Un’s China visit
North Korea's soaring exchange rates plummeted after Kim Jong Un's visit to China, driven by expectations that Chinese companies will increase investment across multiple...
Fake dollars and yuan flood North Korean markets amid exchange rate...
Counterfeit foreign currency is flooding North Korean markets as the country's exchange rates skyrocket and the local currency collapses, prompting authorities to launch an...
Currency chaos hits North Korea as yuan drops but prices stay...
The exchange rate between North Korean won and Chinese yuan has crashed in the border city of Sinuiju following Kim Jong Un's visit to...
Passengers pay twice as Cabinet cracks down on N. Korea’s private...
North Korea's Cabinet has ordered Pyongyang city people's committee to fix private bus operations and overhaul its fare system. This appears aimed at closing...
Soaring prices leave N. Koreans unable to prepare firewood for harsh...
North Koreans are struggling to stockpile firewood for winter heating as prices surge beyond most families' reach. With harsh winters lasting months in border...
Cabinet price controls backfire as North Korean market costs surge
The recent surge in North Korean marketplace prices appears to stem from government-ordered price controls that have had the opposite of their intended effect.
Multiple...
North Korea’s soaring exchange rates crush small merchants while enriching the...
Small-scale merchants in North Korean markets who conduct business in local currency say life has become "exhausting" as the country's internal exchange rates have...
