Tag: foreign currency
Pyongyang busts luxury smuggling ring selling to elite wives
A special task force in Pyongyang has arrested the manager of a foreign currency store and a trade official accused of smuggling luxury brands...
N. Korea rice prices hit record high as exchange rate climbs
Rice prices in North Korean markets have surged to a record high in July 2026. The spike follows a brief lull earlier this month,...
North Korea busts elite hacking ring inside its own banks
A criminal ring hacked into the internal networks of North Korea's central bank and its main foreign trade bank. The ring used cryptocurrency to...
Zeekr electric vehicles and luxury used cars on display as sales...
North Korean authorities launched a large-scale car exhibition in Pyongyang in June 2026 while simultaneously ordering the Ministry of Social Security to covertly investigate...
Rice and corn prices hit record highs in North Korean markets
Rice and corn prices in North Korean markets have surged to record highs in June 2026, deepening food shortages as growing numbers of rural...
North Koreans skip state mobilization to run private gold operations from...
North Korean people living near gold mines in North Pyongan province have converted their homes into makeshift processing operations, crushing and washing ore to...
Counterfeit Russian rubles flood Rason market as North Korea-Russia trade expands
Counterfeit Russian rubles have been circulating in Rason, North Korea's special economic zone on the China-Russia border, prompting authorities to dispatch a special inspection...
North Korea grain stores more stable in 2026, but quality complaints...
North Korea's state-run grain stores are operating more reliably than in previous years, but the grain they sell continues to draw complaints about poor...
North Korea issues new tourism directives in Rason ahead of possible...
North Korea's Rason city party committee has issued new operational directives to the heads of state-run international travel agencies and foreign currency shops in...
Chongjin households work through the night on wigs and eyelashes to...
Wig and eyelash assembly work has taken off as a cottage industry in Chongjin, North Korea's third-largest city, as intensifying market controls and rising...
