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Pyongyang
November 28, 2020

Tag: foreign currency

N. Korean laborers continue to earn foreign currency abroad

North Korean laborers are continuing to earn foreign currency in places such as China and Russia, despite sanctions placed on North Korea by the...

North Korean won – dollar exchange rate has yet to recover

The North Korean won-to-dollar exchange rate has yet to begin recovering since plummeting late last month. The rate, which had fluctuated in the KPW...

Falling N. Korean won – dollar exchange rate causes headaches among...

With major nations around the world such as the United States opening their purses to overcome the economic crisis brought on by COVID-19, currency...

N. Korea suspended public bonds scheme in early September

North Korea suspended the issuance of public bonds in early September, Daily NK has learned. The country had begun issuing the bonds in April...

Provinces ordered to increase number of stores accepting foreign currency

North Korean authorities recently issued an order to increase the number of stores accepting foreign currency operating nationwide in what appears to be an...

Well-connected dollar trader in Chongjin arrested

A dollar trader in Chongjin, North Hamgyong Province, who is also the wife of a Department 11 agent, was recently arrested after a lengthy...

Hamhung currency broker sentenced to life in prison

A currency broker charged with running an illegal currency exchange business in Hamhung, South Hamgyong Province, was recently sentenced to life imprisonment during a...

N. Korea forms group to battle illegal foreign currency transactions

North Korea has moved to strongly crack down on potential "negative effects" caused by the floating of government bonds last month, including the forming...

N. Korea may move to issue public bonds for the first...

For the first time in 17 years, North Korean authorities may be planning to issue public bonds to alleviate the shortage of foreign currency...

New North Korean-made LED TV is all the rage in Pyongyang

A new LED television manufactured in North Korea is a hot item at shops in Pyongyang that accept foreign currency, Daily NK has learned. The...

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