Tag: foreign currency
N. Korea pays farm workers in devalued currency instead of grain
North Korea has taken an unprecedented step: paying farm workers in devalued local currency instead of their usual share of crops.
A source in North...
N. Koreans defy ban, mine gold on rented farmland as prices...
North Koreans are rushing to prospect for gold amid rising international prices, defying government bans through an elaborate system of bribes.
According to a source...
N. Korea arrests former trade official in Chinese phone crackdown
North Korean authorities are intensifying crackdowns on Chinese-made mobile phones, which serve as a crucial channel for outside information entering the country and internal...
N. Korean markets hit new peaks as yuan and rice prices...
Market prices in North Korea are rising at an unprecedented rate, with rice costs and Chinese yuan exchange rates reaching record highs.
Daily NK's market...
N. Korea’s currency crisis forces return to barter economy
The North Korean won has plunged in value, driving exchange rates for U.S. dollars and Chinese yuan to record highs. In response, North Koreans...
N. Korea arrests major currency trader as exchange rates soar in...
North Korean authorities have arrested a prominent money changer in Hyesan, Ryanggang province, as part of a wider crackdown on illegal currency exchange amid...
N. Korean won-dollar rate stabilizes while won-yuan continues climb
The soaring won-dollar exchange rate at marketplaces in North Korea appears to have paused, at least for the moment. But the won-yuan market exchange...
N. Korea orders tourism expansion in Chinese-Russian border region
North Korea is pushing to expand its tourism industry in North Hamgyong province to generate foreign currency despite international sanctions.
Last month, the central government's...
N. Korean state shops near China allow food purchases in foreign...
North Korean state-run grain shops near the Chinese border have begun accepting foreign currency for food purchases, despite official restrictions on foreign currency use.
This...
N. Korea spreads virus fears about southern balloons
North Korean authorities are conducting lectures warning citizens to avoid items from South Korean balloons, claiming they are contaminated with viruses.
According to a source...
