Tag: foreign currency
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...
Air Koryo flight brings defense researchers, students to Russia
An Air Koryo flight recently brought new workers, defense researchers, and students to Russia, highlighting the expanding exchanges between North Korea and Russia as...
N. Korean elite’s demand for luxury clothing, accessories on the rise
Demand for designer goods procured by North Korean trade officials in Pyongyang has increased dramatically, suggesting a growing preference among the upper class for...
N. Korea intensifies screening of candidates for overseas work
North Korean authorities have greatly intensified ideological screenings when selecting workers to be sent overseas, apparently in response to continued defections by overseas workers.
Speaking...
China arrests N. Korean trade official for illegal currency transaction
A North Korean trade official was recently arrested by Chinese police while attempting to illegally exchange foreign currency. The arrest prompted a flurry of...
N. Korea sold illegal gambling websites to S. Korean cybercrime ring
A North Korean organization under the Workers’ Party has reportedly created thousands of illegal online gambling websites in cooperation with an unidentified South Korean...
N. Korean moneychangers move further into the shadows amid intensifying crackdowns
As North Korean authorities intensify their crackdowns on foreign currency transactions to encourage people to change money through official agencies, moneychangers are increasingly operating...
Hyesan inminbans encourage people to exchange foreign currency at banks
Inminban (neighborhood watch units) in Hyesan have recently been coaxing their members to exchange their foreign currency in banks, Daily NK has learned.
Speaking on...
Hyesan clamps down on money changers
Hyesan authorities have recently started clamping down on money changers, Daily NK has learned.
“Money changers are facing a tougher crackdown than ever before. Since...
N. Koreans return to using foreign currency in markets in Pyongyang,...
North Korea’s foreign exchange rates — which collapsed during the COVID-19 pandemic — are recovering to their pre-COVID levels with the county’s recent expansion...
