Tag: foreign currency
North Korea ships 150 workers through Hyesan to jobs in China
North Korea has dispatched more than 150 workers through Hyesan customs to various industries in China. The workers, who arrived in Jilin province last...
North Korean banks ordered to round up idle currency amid economic...
North Korean authorities have ordered commercial banks to intensify efforts to collect idle local and foreign currency from the public. The directive, issued by...
N. Korea’s anti-socialist watchdog faces internal probe over currency control failures
North Korea's Unified Command 82, tasked with policing anti-socialist behavior, has launched an internal investigation into its own currency stabilization efforts. On Oct. 20,...
North Korea detains Chinese fishing boat as maritime patrols intensify
A North Korean patrol boat seized a Chinese fishing vessel near Cholsan county, North Pyongan province, last month and detained its six-member crew for...
N. Korea exorts building supplies from currency traders in flood recovery...
North Korean authorities are forcing arrested money changers to donate building materials for flood relief instead of sending them to labor camps, marking a...
Regime’s currency controls backfire as N. Korean won weakens
The U.S. dollar traded for 16,100 North Korean won in Pyongyang on Sept. 15, down slightly from a record high of 16,500 won on...
N. Korea’s central bank audits S. Hwanghae province, eyes financial sector...
North Korea's central bank conducted a two-week audit of the Commercial Bank of South Hwanghae province beginning Sept. 1. The audit focused primarily on...
North Korea to ramp up overseas worker program to Russia, China
North Korea is planning to send a significant number of its citizens to work overseas, particularly in Russia and China. This initiative follows orders...
North Korea’s Pukchong zone preps for Russian export drive
North Korea's Pukchong Agricultural Development Zone in South Hamgyong province is preparing to export products to Russia as part of the government's push to...
N. Korea mandates shift from raw material to processed goods exports
North Korean authorities recently ordered trade agencies to shift from exporting raw materials to processed goods, causing significant disruption to regional trading companies that...
