Tag: foreign currency
North Korean food prices soar as currency crisis deepens
North Korean food prices have hit record highs, deepening hardship across the country.
According to Daily NK's regular market survey, rice prices exceeded 8,000 North...
N. Korea expels money changers amid currency crackdown
North Korea has intensified its crackdown on foreign currency exchanges as market rates continue to climb. In recent weeks, authorities have banished multiple money...
N. Korea orders market crackdown to combat ‘capitalist elements’
North Korean leader Kim Jong Un has directed officials to crack down on marketplaces, citing concerns about the spread of capitalist influences. The directive...
N. Korea’s electronics black market: Foreign tech flows despite global ban
Despite the international ban on directly providing, selling, or transferring electronics with military applications to North Korea, foreign-made mobile phones, laptop computers, and smartwatches...
Currency crisis drives North Koreans to dollar, yuan
The North Korean won has lost half its value against the dollar and yuan this year, driving more citizens to conduct marketplace transactions in...
Market shock as North Korean won-dollar rate breaks records
North Korea's market exchange rates have soared to unprecedented levels. After stabilizing for two months following a peak in early September, the US dollar...
Hoeryong factory workers face mandatory herb collection quotas
Workers in Hoeryong have been ordered to collect 3-5 kilograms of medicinal herbs per person by the end of the month. Workers say they...
Fear grips currency earning sites as inspectors begin sweeping probe
State security agents launched a probe of foreign currency earning centers in North Pyongan province on Nov. 4, sparking anxiety among workers there.
While these...
North Korea’s 4G launch: Pyongyang first in phased rollout
North Korea launched 4G mobile service in September 2023, but initially service was only available in a few major cities, including the capital of...
North Korea adds foreign exchange features to e-payment apps
North Korea is supporting foreign currency transactions by providing real-time exchange rate information through e-payment apps. The authorities appear intent on promoting the use...
